Amsterdam Continuing Care Health System Inc.

“Amsterdam continuing care health system, inc. Has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. When the form 990 has been prepared, reviewed by management and is ready to be filed with the internal revenue service, a copy of the form 990 is provided to and reviewed by the audit committee. Any issues are reviewed and corrected. The cfo then makes the full 990 available to all board members prior to filing. Once the board has approved the return it is filed with the internal revenue service.”

“Directors, officers, and key persons must complete an annual disclosure and affirmation form in accordance with the conflict of interest policy. An 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 whose 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 then 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 shall be required before entering into the transaction (excluded in such counts is the interested director). 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 on an annual basis or sooner if a potential conflict or actual conflict should arise. Potential conflicts or actual conflicts are reviewed by the chief compliance officer of amsterdam nursing home.”

“Acchs has a process to determine compensation for the president/ceo which includes a review by a compensation committee, and outside benefits consultant, and the use of comparable data. This process includes a review of total compensation including bonus consideration by the committee. The deliberations and decisions are documented within the committee minutes. This process was undertaken in september 2019 for the year 2020. Acchs has a process to determine compensation for officers, which includes a review by a compensation and benefits consultant, and the use of comparable data. This process includes a review of total compensation including bonus consideration by the committee. The deliberations and decisions are documented within the committee minutes. This process was last undertaken in 2020.”

“The organization makes its form 990 and form 1023 available for public inspection as required under section 6104 of the internal revenue code. The return is also posted on guidestar.org and other similar types of websites. In addition, the financial statements, conflict of interest policy, articles of incorporation and by-laws are also available upon written request or by calling the organization directly.”

“Consulting fees: program service expenses 0. Management and general expenses 34,000. Fundraising expenses 0. Total expenses 34,000.”