The Saint Clare Home

“Officers bishop richard g. Henning, president/treasurer until 10/24, msgr. Albert a. Kenney, vice president until 10/24 and then president and treasurer from 10/24, rev. Timothy d. Reilly, secretary, and laura dos santos, asst. Treasurer, have a business relationship among each other and with director rev. Nathan j. Ricci because they are employed by a related organization,the roman catholic diocese of providence, of which the officers and board members also serve.”

“The form 990 was prepared by tax advisors of a national accounting firm with information provided by management. The diocese's health facilities management service group and the executive director review the 990 prior to filing. The 990 is also made available to all members of governance for review before filing. Upon review and approval, the return is filed with the irs. A copy is submitted to the fiscal office at the diocese of providence and one is kept at the business office.”

“All key employees and members of the board of directors are asked to read the organization's conflict of interest policy and annually they are asked to disclose any potential conflicts of interest. The executive director and the finance director review all potential conflicts of interest disclosed by key employees and determine if a true conflict exists. If an individual has a conflict, the executive director and the director of finance report this information to the board of directors. All members of the board are asked to disclose any conflicts of interest, and depending upon the conflict, they are asked to recuse themselves from discussions and voting on the related issue. All decisions are recorded in the minutes of the board of directors' meeting.”

“The process used for determining compensation of the organization's top management entails comparing what is paid for the same position in similar entities. Compensation is evaluated on an annual basis by the board of directors, and the decision is documented. The board of directors uses a standard approach and form to perform the evaluation for the administrator and related organizations of the diocese of providence. There is no merit increase associated with the compensation evaluation. The last evaluation was conducted december 2024.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Gain on beneficial perpetual trust 152,599.”