United Methodist Senior Services Foundation

“Upon a majority vote, the executive committee will have and may exercise the authority of the board of directors in the management of umssf, when the board of directors is not in session, except where action of the board of directors is specified by statute and will report to the board of directors all actions taken.”

“The management company of this entity is mrc, a related organization.”

“Methodist retirement communities implemented new structures which would include four board meetings a year where all mrc and affiliates business would be discussed, with all affiliate board members included in the mrc boards. United methodist senior services foundation and aldersgate trust updates terms to be three years, consistent with the other entities. Pinecrest and cornerstone have been removed from the quorum, with language updates requiring president and executive director to be part of a quorum at crestview. They are now non-voting memebers who will not be counted for quorum. Bylaws changed to bring alignment by unifying the size of the board across all entities, create mroe consistency by bringing all key terms into alignment, and unify processes.”

“Methodist retirement communities approves appointment of the board of directors.”

“Methodist retirement communities, a related organization, approves appointment of the board of directors.”

“Methodist retirement communities, a related organization, has a right to approve or reject any decisions made by the governing body.”

“The management team currently reviews all form 990s prior to filing with the irs. They compare the results to the audited financial statements and review all disclosure information. The 990s are reviewed and approved by the audit committee of the board and also made available to the entire board prior to filing with the irs.”

“The coi policy covers board members and executive management. Examples of events considered a coi as described in the policy include: (1) an activity that includes an opportunity for a personal gain (financial or material), (2) an interest or activity that competes with the best interests of mrc or one of its affiliates, (3) the wrongful transfer or disposal of mrc property, (4) inappropriate disclosure of mrc business practices. Any potential coi's disclosed by executives and board members are reviewed by the president/ceo (in the case of executives) and the mrc governance commitee (in the case of board members). Board members are required to refrain from voting on issues that could cause a potential coi. Coi's that are not acknowledged can lead to removal from the board or termination of employment, as applicable.”

“Umssf did not issue any w-2's. Salary for the ceo, executive director, or top management official is set by the methodist retirement communities (mrc) board, the parent entity. In deciding compensation of other officers or key employees, human resources collects comparability data from industry resources related to all industry-related positions. This is shared with appropriate supervisors or others in approval process. The vp of hr collects comparability data from industry resources related to all industry-related positions. Each location submits recommendations within wage scale parameters to ceo. The ceo approves within board approved budgeted guidelines. W-2's are issued by the parent organization, mrc. The process described here was last completed in 2023.”

“Governing documents, conflict of interest policy, and financial statements are available upon request.”

“The organization has a committee which assumes responsibility for choosing the independent auditor and oversight of the independent audit. This process is consistent with prior years.”