Hrca Housing for Elderly Inc.

“Description of classes of members or stockholders hebrew seniorlife, inc. Is the sole member of the organization.”

“Description of classes of persons and the nature of their rights 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.”

“Description of classes of persons, decisions requiring approval & type of voting rights decisions involving major changes in organization, debt placement, sale of assets, etc. Are also subject to approval by hebrew seniorlife, inc.'s board. Ultimately, governance of the corporation rests with the board of directors of the company's sole corporate member, hebrew seniorlife, inc.”

“Describe the process used by manaement &/or governining body to review 990 preparation of the form 990 begins internally with hebrew seniorlife staff and ernst & young preparing 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 returns prior to their filing.”

“Description of process to monitor transactions for conflicts of interest the board of hrca housing for elderly, inc. 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.”

“Offices and positions for which process was used, & year process was begun the compensation committee of the hebrew seniorlife board, with the assistance of data provided by an independent, expert consultants, has reviewed the president/ceo's total compensation and the compensation of all officers and key employees as well as highly compensated employees (>$150,000) of hsl and its affiliates. The full hsl board further reviewed and approved the compensation of the highly compensated employees of hsl and its affiliates. The review and approval procedures outlined above were last completed in 2018. All of these committee members are independent directors. Independent consultants were hired by the compensation committee and assisted with the compensation review. Documentation and records of compensation committee meetings are maintained with respect to deliberations and compensation decisions.”

“AVAILABILITY OF GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, & FINANCIAL STATEMENTS TO GENERAL PUBLIC THE ORGANIZATIONS 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. Form 990, Part XI, Line 9 Other changes in Net Assets of Fund Balance Net Assets Transferred to Parent (18,877,173)”

“DESCRIPTION OF ORGANIZATION MISSION (CONT'D) AND ENERGETIC LIFESTYLES, ENCOURAGES INDEPENDENCE AND SELF-FULFILLMENT, AND VALUES VOLUNTEERISM AND PARTICIPATION. FORM 990, PART I, LINE 22 Description of Negative assets At September 30, 2017, HRCA Housing for the Elderly, Inc. had a negative accumulated Net Asset balance of ($18,005,061). This negative balance is a result of a distribution of $18,877,173 that was made to an affiliate on August 24, 2017 as part of a refinancing arrangement approved by HUD.”

“Program service accomplishments (cont'd) conditioning controls. Additionally, the housing complex is located eight miles from the cultural richness of boston and the community has easy access to nearby shopping centers, restaurants, and public transportation.”