St Francis Development Corporation

“The sole corporate member of st. Francis development corporation is st. Francis residential care community.”

“St. Francis residential care community, as the sole corporate member, approves the appointment of the directors of the board of st. Francis development corporation.”

“St. Francis residential care community, as the sole corporate member, has the following powers reserved to approve the following: a) any change in the philosophy, mission, and/or purpose of the corporation; b) the adoption and/or amendment of the articles of incorporation; c) the adoption and/or amendment of the bylaws; d) the appointment of directors of the board, and removal of directors with or without cause; e) appoint the president of the corporation; f) appoint the chief executive; g) approve or disapprove any sale of all or substantially all of the assets and/or services, or any merger, consolidation, reorganization, divesting transaction or any similar transaction regarding the same, plus all other ancillary transactions necessary or appropriate to consummate the same; h) the dissolution of the corporation and disposition of assets; i) the purchase, sale, lease or mortgage of real property; to approve the purchase, sale, or gift of capital assets; j) the corporation's annual budget, including budgets for operations, capital expenditures, and cash flow.”

“The form 990 and supporting schedules were reviewed by the chief financial officer of st. Francis healthcare system of hawaii and the company's tax advisors, kmh llp. A copy of the form 990 was provided to the board of directors prior to filing with the irs.”

“A conflict of interest questionnaire is completed prior to employment for all employees and directors. Conflict of interest questionnaires are reviewed by hr personnel and updated on an annual basis. After review by hr personnel, potential concerns are referred to management personnel and recommendations for resolutions of conflicts are referred to the corporate compliance officer. If a potential or identified conflict of interest cannot be resolved by the aforementioned officer, the matter will be referred to the organizational leadership team for advice and recommendation.”

“The organization's governing documents, conflict of interest policy, and financial statements are provided to the general public upon request.”

“St. Francis development corporation, a not-for-profit organization affiliated with st. Francis residential care community, serves as the sponsor/developer for franciscan vistas ewa, a senior independent living community. In may 2011, franciscan vistas ewa completed its affordable living community through a collaborative effort with the state of hawaii, city & county of honolulu and private lenders and investors. As part of st. Francis healthcare system of hawaii, st. Francis development corporation, in conjunction with st. Francis residential care community, carries on the legacy of st. Marianne cope and the sisters of st. Francis, who came to the islands in 1883 to care for those afflicted with hansen's disease. St. Francis development corporation continues this tradition of identifying needs and meeting them to create healthy communities in the spirit of christ's healing ministry.”

“Allocated finance expenses: program service expenses 0. Management and general expenses 4,100. Fundraising expenses 0. Total expenses 4,100.”