Hrca Housing for Elderly Inc.

“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 ederly, inc. Board of directors with the advice and consent of the hebrew seniorlife board members.”

“Description of classes of persons, decision 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 management &/or governing 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, inc. 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 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 ederly,inc. Voted to adopt the hebrew seniorlife, inc. 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 ederly, inc. Is a charitable organization and that in order to maintain its tax-exempt status, hrca housing for ederly, 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 anyof 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, inc. Board, with the assistance of data provided by an independent, expert consultant, 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 hebrew seniorlife, inc. And its affiliates. The full hebrew seniorlife, inc. Board further reviewed and approved the compensation of the officers, key employees and highly compensated employees of hebrew seniorlife, inc. 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.”

“ORGANIZATION'S MISSION (CONT'D) AND ENERGETIC LIFESTYILES, ENCOURAGES INDEPENDENCE AND SELF-FULFILLMENT, AND VALUES VOLUNTEERISM AND PARTICIPATIONS. FORM 990, PART I, LINE 22 DESCRIPTION OF NEGATIVE ASSETS AT SEPTEMBER 30,2018, HRCA HOUSING FOR THE ELDERLY, INC. HAD A NEGATIVE ACCUMULATED NET ASSET BALANCE OF ($18,429,510). THIS NEGATIVE BALANCE IS A RESULT OF A DISTRIBUTION OF ($1,035,231) THAT WAS MADE TO AN AFFILIATE ON AUGUST 24, 2017 AS A PART OF A REFINANCING ARRANGEMENT APPROVED BY HUD. form 990, part iii, line 1 organization's mission (cont'd) and by recognizing that THEY ARE A RESOURCE TO BE CHERISHED. AS PART OF OUR MISSION, WE ACCEPT SPECIAL RESPONSIBILITY FOR THE FRAILLEST AND NEEDIEST MEMBERS OF OUR COMUNITY WHO ARE MOST DEPENDENT ON OUR CARE. The Jack Satter House seeks to fulfill its mission by: - Managing quality senior housing through innovation and leadership - Providing quality health care for residents via an on-site clinic and 24/7 on-call services - Facilitating positive social interaction to improve physical, mental, and social health - Creating opportunities for residents to connect with local educational and assistance programs Form 990, Part III, Line 4a Program Service Accomplishments (cont'd) AS A HEBREW SENIORLIFE COMMUNITY, RESIDENTS HAVE ACCESS TO A FULL SPECTRUM OF SUPPORT AND SERVICES THAT ENSURE CONTINUITY OF HEALTH CARE, ENCOURAGE A HEALTHY, INDEPENDENT LIFESTYLE AND EMPHASIZE PHYSICAL AND EMOTIONAL WELLNESS. OUR COMMUNITY AT A GLANCE: - LOCATED ALONG REVERE BEACH, WITH ATLANTIC OCEAN VIEWS - 266 APARTMENTS, INCLUDING 47 EFFICIENCIES, 202 ONE-BEDROOM UNITS AND 17 TWO-BEDROOM UNITS - OPEN TO ALL QUALIFIED ELIGIBLE PERSONS AGED 62 OR OLDER REGARDLESS OF RACE, COLOR, RELIGION, SEXUAL ORIENTATION OR GENDER IDENTITY, NATIONAL ORIGIN, DISABILITY AND FAMILIAL STATUS - STATE-OF-THE-ART FITNESS CENTER WITH REGULARLY SCHEDULED WELLNESS PROGRAMS - COMPUTER LEARNING PROGRAM. WEEKNIGHT MEAL PROGRAM. FORM 990, PART VI, SECTION A, LINE 6 DESCRIPTION OF CLASSSES OF MEMBERS OR STOCKHOLDERS HEBREW SENIORLIFE, INC. IS THE SOLE MEMBER OF THE ORGANIZATION.”

“Other changes in net assets of fund balance net assets transferred to parent (1,035,231)”