Amsterdam Nursing Home Corporation (1992)

“Two members of the board of directors are partners in the same business firm.”

“A copy of the form 990 as prepared by loeb & troper llp, accounting firm, is provided to the audit committee for review and comments and to the full board.”

“A interested director means any amsterdam director who has an interest as a principal, partner, director, officer, employee, agent, or stockholder(other than a stockholder of a publicly traded corporation who stock is widely held) of any entity with which amsterdam has or contemplates transacting business. An interested director must disclose the relationship or interest in the transaction to the board of directors of the applicable amsterdam entity.disclosure shall be made to the chairman of the board as soon as the interested director becomes aware of the potential for a conflict in connection with the transaction who shall inform the applicable board.if the chairman is involved in the transaction, the chairman shall advise the secretary of the applicable amsterdam entity who shall arrange for board disclosure. No interested director shall participate in the discussion,deliberations and voting regarding a transaction. The affirmative vote of the majority of all the directors of the applicable amsterdam entity,excluded in such counts the interested director,shall be required before entering into the transaction. No transaction shall be invalidated or affected in any way if this policy is followed. All officers and key employees are required to disclose any potential conflicts of interest. Said conflicts are addressed by management.”

“Form 990, part vi, line 15: the organization has a process to determine compensation for the ceo/ executive director which includes a review by a compensation and benefits consultant, the use of comparability data and contemporaneous substantiation in the deliberation and the final decision. This process was last undertaken in 2014. This process includes a review of total compensation including bonus consideration. Compensation of other officers and key employees is based on an informal review by the president/ceo of comparable data.”

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

“Pharmaceutical, physical therapy and human resource consulting: program service expenses 8,738,885. Management and general expenses 238,799. Fundraising expenses 0. Total expenses 8,977,684.”

“Other receivables $18,150 other assets $147,530 due form third party payor $1,181,583 subvention certificate from $3 acchs, inc. Total-other assets $1,347,266”

“Form 990, part xi, line 2c: the organization has a committee that assumes responsibility for oversight of the audit of its financial statement and selection of an independent accountant. The process has not changed from prior years.”