Glen Arden Inc

“In september 2019, the new york state department of health ("nysdoh") issued a temporary suspension of glen arden's continuing care retirement community ("ccrc") certificate of authority ("coa") due to concerns of noncompliance. Also in september 2019, the new york state department of financial services ("nysdfs") issued a notice of its assessment of the insolvency of glen arden. In october 2019, nysdoh informed residents about the financial difficulties glen arden had been experiencing as they had not met certain financial requirements for ccrcs under law and regulation. In order to protect the residents, the nysdfs and ccrc council requested a corrective action plan from glen arden's management. Although a plan was submitted, the nysdfs and ccrc council rejected the plan and required a transition of day to day operations to new management in order to implement operational improvements. In december 2019, glen arden and bethel community management i, llc ("bcm") executed a management services agreement which provides that bcm will manage the operations of the ccrc, including formulating and presenting short and long-term strategies for stabilization. Additional responsibilities include making staff determinations, budgeting, evaluating contracts with vendors, billings and collections, developing a marketing plan and running day to day operations of the ccrc in support of the health and social needs of the residents. In september 2020, bcm sent a notice of default to glen arden's board of directors citing numerous defaults under the management services agreement and subsequently submitted a notice of termination of the management services agreement to nysdoh, nysdfs and glen arden. Accordingly, in october 2020 nysdoh temporarily suspended glen arden's coa due to the ongoing uncertainty regarding future operations of the facility. In february 2021, bcm and glen arden entered into a revised management services agreement highlighting a long-term strategy for the stabilization of glen arden which was approved by the nysdoh and nysdfs and the temporary suspension of the coa was again lifted allowing the acceptance of new entrance fee contracts and the resumption of marketing.”

“Elant, inc. Is the sole member of glen arden inc.”

“Elant, inc., the sole member, shall have the sole power and right to elect the directors of the corporation and to exercise such powers and rights as are granted to the member pursuant to applicable provisions of law.”

“For each of the following, the sole member has the authority to approve such action, or if the sole member receives a recommendation from the corporation as to any such actions, the member may approve such action as recommended: (1) approval of strategic plans; (2) approval of capital budgets; (3) approval of operating budgets; (4) approval of debt; (5) authority to combine and centralize administrative and support functions; and (6) approval of the submission of con applications.”

“Once the form 990 has been prepared by the organization's outside accounting firm and reviewed by management it is sent to the full board for review prior to filing with the internal revenue service.”

“Annually board members, officers and key persons are given a copy of the conflict-of-interest policy and are required to disclose any conflicts of interest. This disclosure is kept on file. The conflict-of-interest policy is periodically reviewed by the corporate compliance officer and revised as necessary.”

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is posted on guidestar.org and other similar types of websites. In addition, the financial statements, conflict of interest policy, articles of incorporation, form 990, form 1023, and by-laws are also available upon written request or by calling the organization directly. The organization also files an annual cost report with the new york state department of health which contains financial statements and related note disclosures. This cost report is available to the public upon request.”

“Information regarding hours devoted to, and compensation from, related organizations was not available at the time of filing the 2024 form 990.”

“To provide exceptional health care and quality of life through innovative programs to those we serve within our community. Our services are made available to all income levels and include a continuing care retirement community with skilled nursing and enriched housing.”