Depelchin Psychiatric Services

“Organization's process to review form 990 each member of the board of directors received a copy of the form 990 before it was filed. The governing body reviewed the form 990 before it was filed.”

“Enforcement of conflict of interest policy 1. Depelchin psychiatric services will enter into a transaction involving a potential conflict of interest only if the board determines that the terms of the transactions are at least as favorable to depelchin psychiatric services as would be from any other comparable source and only after observing the following procedures: (a) the interested director must disclose the material facts concerning his or her interest in the transaction at a meeting of the board and such disclosure must be recorded in the minutes of the meeting. (b) the interested director must not participate in, or be present for the discussion of the merits of the transaction. (c) the interested director must abstain from voting on the transaction. (d) the interested director will not be counted in determining whether there is a quorum present to consider the transaction. (e) the transaction must be approved by a majority vote of the remaining board members. 2. Members of the board of directors, consultants, staff, or any relatives of these individuals will not receive preferential treatment in application for the receipt of the organization's services.”

“Line 15a - compensation process for ceo the president and ceo for depelchin psychiatric services is employed by depelchin children's center. Line 15b - compensation process for other officers or key employees depelchin psychiatric services does not employ any officers. The treasurer's salary is reviewed and approved by the joint executive and human resources committee of depelchin children's center and is based on a recommendation from the ceo. The joint committee consults with an independent compensation and human capital consulting firm specializing in executive compensation advisory services and salary surveys. The board of directors is a non-paid voluntary board.”

“Governing documents disclosure explanation the organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“An executive savings plan was established by depelchin children's center, effective 1/1/2016 for benefit of jenifer jarriel. The participant's agreement became fully vested on 12/31/2020 and paid out in the amount of $307,913 in 2021.”

“In 2021 a decision was made to dissolve depelchin psychiatric services (dps). The closure resulted from the 2016 decision by depelchin children's center (dcc) to cease the offering of psychiatric services as part of their continuum of care. Although a majority of psychiatric services had ceased by the end of 2016, dps maintained a small psychiatric program at dcc's residential treatment program located in richmond, texas. However, in 2019 these remaining services were contracted to a third-party psychiatric service provider making the need for dps to remain in existence unnecessary. To allow all remaining claims to be filed and liabilities paid, dps remained organized until 2021 at which time all required paperwork was filed with the state to dissolve. The certificate of termination was filed on september 27, 2021 and accepted by the state of texas on november 1, 2021.”

“Forgiveness of the intercompany loan from depelchin children's center 2,560,713.”