Lafayette Rehabilitation and Skilled

“President, raymond dennehy and director, joel kirchick have a business relationship with organization.”

“In may 1, 2018 the organization has entered into a management agreement, with athena health care associates inc to manage the operations of lafayette rehabilitation and skilled nursing facility, inc. Acting through the nursing facility employees, to supervise, direct and control the day-to-day business activities and management of the nursing facility. Athena health care associates inc prepare and file, all cost reports, payroll tax and real estate tax filings required.”

“The sole member of the organization is a related organization, adventcare, inc.”

“The approval of the member, adventcare, inc., is required to elect or remove directors of the corporation.”

“The following powers and responsibilities are expressly reserved to adventcare, inc., the member of the corporation: (a) to elect and remove directors of the corporation with or without cause. Any vacancy occurring among the directors will be filled by action of the member; (b) to approve the annual operating budget of the corporation; (c) to conduct financial planning, monitor and assure long-term financial performance of the corporation; (d) to approve the purchase, acquisition, assignn1ent, sale, conveyance or mortgage of real property; (e) to approve the incurrence by the corporation of any indebtedness for borrowed money; (f) to approve contracts for management services; (g) to approve any capital expenditures not shown on the annual budget which exceed $10,000 for any expenditure; (h) to approve all corporate reorganizations and the establishment of or investment in joint ventures, corporations, partnerships, other entities or affiliations; (i) to approve initiation or settlement of litigation or administrative proceedings to which the corporation is or may be a party; (j) to approve any amendments to the articles of organization or by-laws of the corporation; (k) to ensure that the corporation pursues a mission, philosophy and goals consistent with those of the member.”

“The form 990 is prepared by an independent accounting firm. A complete copy of the form 990 tax return (including all required schedules) is provided to each person who is a voting member of the board of directors at the time the form 990 is provided, either in paper or electronic form, before it is filed with the irs.”

“The organization's governing documents and financial statements are made available on the msrb electronic municipal market access (emma) website.”