Hebrew Health Care Inc

“The endowment fund is held by jewish community foundation of greater hartford, inc. The endowment funds intended use follows the mission of hebrew health care, inc. And affiliates to provide quality programs and services to the geriatric population of the community.”

“The following is an excerpt from footnote 2 of the consolidated audited financial statements for hebrew health care, incorporated and affiliates. Each entity, with the exception of cgsg, is qualified under section 501 (c)(3) of the internal revenue code and is exempt from federal and state income taxes. Cgsg accounts for income taxes in accordance with fasb asc 740, income taxes. Fasb asc 740 is an asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the tax and financial reporting basis of certain assets and liabilities. The organization accounts for uncertain tax positions with provisions of fasb asc 740 which provides a framework for how companies should recognize, measure, present and disclose uncertain tax positions in their consolidated financial statements. The organization accounts for uncertainty in tax positions by applying a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Management has analyzed the tax positions taken and has concluded that as of september 30, 2024 and 2023, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the consolidated financial statements. The organization recognizes interest and/or penalties related to income tax matters within administration expenses. As of september 30, 2024 and 2023, the organization did not record any penalties or interest associated with uncertain tax positions. The organization's prior three tax years are open and subject to examination by the internal revenue service. During october 2021, the organization received notice from the irs regarding a compliance check related to adherence with irs financial assistance policies. All required documentation has been updated and at the date of this report, the irs compliance check is still in process.”