MI Residential Community III Inc

“Fred Shaneen, William Shaheen, and Margaret Shaneen, who each served on the Organization's Board of Directors during the year ended December 31, 2019, have a family relationship. In addition, Karen Miller and Michael Miller, who also both served on the Organization's Board of Directors during the year ended December 31, 2019, have a family relationship.”

“Covenant Health Inc. is the sole corporate member of the Organization.”

“As the sole corporate member of the Organization, Covenant Health retains certain reserved rights over the Organization's governance and board composition.”

“Refer to the explanation on Schedule O for Form 990, Part VI, Section A, Line 7a.”

“The Form 990 is provided to the governing body for their review and approval prior to filing.”

“This process is the responsibility of the Compliance Officer. A conflict of interest disclosure form is submitted to all leadership, board members, board committee members, employed physicians, medical directors and certain employees in key positions annually to be completed. Reminders are sent to all persons of interest to ensure that all conflict of interest disclosure forms are completed and collected.”

“Any compensation paid to the trustees, directors, officers or key employees of the Organization is subject to the oversight and decisions of Covenant Health, a related tax-exempt organization. Every two-to-three years the Compensation Committee of the Covenant Health Board of Directors engages an external consultant to provide competitive market data from various survey sources, which is then used to develop recommendations for changes to the compensation program. Since 2003, the Compensation Committee has engaged a human resources consultant to conduct this analysis. Objectives of the analysis are to assess the compositeness of the total cash compensation levels of the senior leadership team, develop market based competitive salary ranges for all executive positions, and ensure that the annual incentive opportunities, if there are any, are competitive and reasonable.”

“The Organization's Form 990, governing documents, conflict of interest policy, and financial statements are made available to the public upon request. The Organization's Form 990 is also made available on the website of its parent organization, Covenant Health, at the following web address: https://www.covenanthealth.net/financial-information/financial-information”

“In 2019, MI Residential Community III, Inc. filed articles of merger with the Commonwealth of Massachusetts for formally merge with two affiliated entities, MI Residential Community, Inc. and MI Residential Community II, Inc. The merger allows the Organization to consolidate its resources and better serve the health and welfare of the community it serves. As a result of the merger, MI Residential Community III, Inc. has discontinued operations and is checking the box on Page 1 indicating this to be its final return.”

“Liquidating Transfers to MI Residential Community, Inc. -303,183.”

“The audit process has not changed from the previous year.”