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 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 was prepared and sent for initial review by the controller, cfo and ceo. Upon review and approval, the 990 was made available to the entire board prior to 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. Any potential conflicts are reviewed and addressed by the board as necessary.”

“The parent company's executive compensation program's primary objective is to provide competitive total pay opportunities that help attract, reward and retain critical leadership talent in order to achieve the organization's mission and strategic initiatives. Rest haven establishes its executive 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 excecutive compensation of the parent (rest haven) companys executives is set by the parent companys board of directors through board oversight. 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 governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

“Debt releif - affiliate 5,000,000 change in fso obligation 2,242,909 total 7,242,909”