Springhouse Inc C/O Rogerson Communities

“Day to day operations are managed by an independent management company.”

“The organization's sole member is the pleasant spring communities, a massachusetts nonprofit corporation.”

“The pleasant spring communities may appoint or terminate members of the board of directors.”

“The member shall have all the authority of members provided under massachusetts general laws, chapter 180, including the following reserved powers: i. Approval of any merger, consolidation, restructuring, dissolution or liquidation of the corporation, or sale or other disposition of all or substantially all of its assets; ii. Approval of any amendment to the articles of organization or by-laws of the corporation iii. Approval of any change in the philosophy, mission and values of the corporation, including, without limitation, approval of any strategic plan or initiative proposed by its governing board; iv. Approval of any auditor and annual audited financial statements of the corporation; v. Approval of any change in accounting period of the corporation; vi. Approval of any borrowing or significant changes in credit facilities in excess of ten percent (10%) of program services revenue for the most recently completed fiscal year; vii. Approval of the creation of a controlling interest in any subsidiary joint venture by or for the benefit of the corporation; and viii. Approval of transactions that involve a conflict of interest”

“The 990 is reviewed by the cfo and furnished to the board of directors for review prior to filing with the irs.”

“Annually the board is required to review and sign the conflict of interest policy.”

“The form 990 and financial statements are available at the organization's website. All information is available upon request at the organization.”

“Effective february 1, 2024, humangood cornerstone (cornerstone), a california nonprofit public benefit tax-exempt corporation, affiliated with pleasant spring communities, the parent entity of the organization and mount pleasant home. Upon the effective date of the affiliation, pleasant spring communities, mount pleasant home and the organization became sister entities with cornerstone acting as parent entity and sole member of each and exercising its direction and control through the appointment of their boards of directors.”