Timothy Place Nfp Park Place Christian Comm Elmhurst

“Responsibilites paid through management fees to rest haven illiana christian convalescent home dba providence life services.”

“The sole member of the corporation is rest haven illiana christian convalescent home. The affairs, business and all legal matters of the corporation shall be managed by its board of directors.”

“The member shall have and exercise the the following reserve powers:(1)to appoint or remove directors; (2) to approve amendments to the articles of incorporation or bylaws of the corporation; (3) to review all annual budgets and audited financial statements and to approve any deficit budget; (4) to approve the construction of any new or the alteration of any existing facility involving an expenditure of 500,000 or more; (5) to sell, mortgage, pledge or alienate all or any part of the real esate or substantially all of the other assets of the corporation; (6) to dissolve the corporation.”

“The member shall have and exercise the the following reserve powers:(1)to appoint or remove directors; (2) to approve amendments to the articles of incorporation or bylaws of the corporation; (3) to review all annual budgets and audited financial statements and to approve any deficit budget; (4) to approve the construction of any new or the alteration of any existing facility involving an expenditure of 500,000 or more; (5) to sell, mortgage, pledge or alienate all or any part of the real esate or substantially all of the other assets of the corporation; (6) to dissolve the corporation.”

“A draft of the 990 is prepared and reviewed by the controller and cfo. Upon their review and approval, the final draft is forwarded to the executive committee before submission. A completed copy of the 990 is provided to the full board at the subsequent board meeting, after filing.”

“The officers and directors/trustees are required to submit a conflict of interest statement upon beginning their position. Thereafter, the conflict of interest statements are updated on an annual basis and reviewed by the board. Any potential conflicts are reviewed and addressed as necessary.”

“The executive compensation programs primary objective is to provide competitive total pay opportunities that help attract, reward and retain critical leadership talent in order to achieve the organizations mission and strategic initiatives. Rest haven establishes its exectuive compensation ranges through a written policy and by comparing itself to organizations of similar size and type - using objective, third-party data. A compensation committee of independent directors recommends, and the board of directors approves, the salary ranges and reviews total compensation for executives on an annual basis. The organization routinely uses knowledgeable external consultants to advise on the process and has received affirmation of compliance with irs guidelines for reasonableness of executive compensation in tax-exempt entities.”

“The executive compensation programs primary objective is to provide competitive total pay opportunities that help attract, reward and retain critical leadership talent in order to achieve the organizations mission and strategic initiatives. Rest haven establishes its exectuive compensation ranges through a written policy and by comparing itself to organizations of similar size and type - using objective, third-party data. A compensation committee of independent directors recommends, and the board of directors approves, the salary ranges and reviews total compensation for executives on an annual basis. The organization routinely uses knowledgeable external consultants to advise on the process and has received affirmation of compliance with irs guidelines for reasonableness of executive compensation in tax-exempt entities.”

“AVAILABLE UPON REQUEST.”

“Change in fso obligation 5,695,459 amortization of entrance fees 1,136,203 transfer from affiliate 5,797,244 write off of financing costs -2,000,625 total 10,628,281”