Adelante of Suffolk County Inc

“The organization delegated control over management duties customarily performed by or under the direct supervision of officers, directors, trustees, or key employees to family residences and essential enterprises, inc. (free).”

“The sole member of the corporation is family residences and essential enterprises, inc., a new york not-for-profit corporation.”

“The member shall have all powers, rights and privileges accorded members of not-for-profit corporations in the new york not-for-profit corporation law (the "n-pcl"), including but not limited to the right to appoint all persons who serve on the board, to approve all amendments to the corporation's certificate of incorporation, and to approve any merger, consolidation, sale of substantially all assets, liquidation or dissolution.”

“The organization's management prepares form 990. It was the practice to provide a copy to the board in advance of submission. However, the board was terminated at the time of the merger and no longer serve the review function for the organization. The 2021 form 990 was reviewed by the chief financial officer before submission.”

“All officers and directors are required to sign the conflict of interest statement on an annual basis and all parties are required to disclose any changes in conflict of interest throughout the year. This document is reviewed by the organization's chief compliance officer for all conflicts and completness. All known conflicts are disclosed to the ceo and the governing body as required.”

“Free, who provides management services, uses an outside independent accounting consulting firm with expertise in the not-for-profit industry to perform a compensation analysis for the ceo and other corporate officers. The compensation analysis include the following: compensation surveys based upon the compensation and fringe benefits reported on the 990 tax returns for comparable agencies in the industry. The results of this compensation analysis are presented to the compensation committee of the free board of directors, who reviews the analysis to determinethat the compensation levels are appropriate and ensure compliance with the due diligence guidelines as outlined in irc 4958. The basis for determination and all decisions made are contemporaneously documented in meeting minutes and board resolutions.”

“The organization makes their financial statements, governing documents and conflicts of interest available as required by outside agencies and the general public.”

“Effective july 15, 2021 (the acquisition date), adelante was merged into family residences and essential enterprises, inc. In a strategic affiliation which would allow both family residences and essential enterprises, inc. And adelante to better achieve their missions by leveraging resources, achieving efficiencies in operations and benefit from synergies between programs. There was no consideration transferred for this transaction and the transaction costs were absorbed by family residences and essential enterprises, inc. The organization accounted for the business combination by applying the acquisition method and, accordingly, the inherent contribution is valued as the excess of the fair value of the assets acquired over the fair value of the liabilities assumed. The organization has reflected the acquisition accounting of adelante's balances in the accompanying consolidated financial statements as of the acquisition date. The results of adelante's operations have been included in the consolidated financial statements since the acquisition date.”

“Effective with the decision to liquidate and merge into free, the carrying amounts of assets and liabilities were adjusted from their historical bases to the amounts of cash expected from their realization and settlement. Because of the expected short liquidation period, the effects of discounting would not be significant and have been ignored. The adjustments decreased net deficit by 778,711 as free assumed the net deficit in liquidation.”