Virtua Home Care - Community Nursing Services Inc

“Independent contractors explanation: in connection with the coordinated approach of the entities as a health care system all account payable transactions are conducted by virtua west jersey health system, inc. (21-0634532)."”

“Virtua health, inc. Is the sole corporate member.”

“The governance committee of the board of trustees makes recommendations for new membership and the virtua health, inc. Board of trustees gives the final approval.”

“The chairs of the various committees of virtua home care, community nursing services, inc. Present their recommendations on significant matters to the full virtua health, inc. Board of trustees for their approval.”

“The form 990 is reviewed by in-house counsel, external tax consultants, and the board of trustees. A final copy of form 990 is provided to the board prior to filing.”

“Virtua home care - community nursing services, inc. Adopts the policies of virtua health, inc. Regarding monitoring and enforcing a conflict-of-interest policy. Virtua home care requires each trustee, officer, key employee and member of a committee with board-delegated powers shall annually sign a statement in which they agree to comply with the conflict-of-interest policy. The board of trustees is responsible for ensuring that periodic reviews of operations are conducted so that the organization operates in a manner consistent with its charitable purposes and does not engage in activities that could jeopardize its status as an organization exempt from federal income tax. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of his or her financial interest and must be given the opportunity to disclose all material facts to the trustees and members of committees with board-delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining trustees or committee members shall decide if a conflict of interest exists.”

“Virtua home care - community nursing services, inc. Does not compensate its executives; but rather, the executives receive compensation from virtua health, inc. (ein 22-3524939), a related entity. See schedule j, part iii (reference to schedule j, part i, line 3) for a description of the manner in which virtua health, inc. Utilizes to determine the compensation paid to the executives.”

“The organization's governing documents and conflict of interest policy were not made available to the public. Financial statements are posted on the virtua health website https://www.virtua.org/about/financial-information and are also available through the repository websites emma (electronic municipal market access system) and dac (digital assurance certification), or upon request.”

“One or more of the officers, directors, trustees, and key employees in the filing organization's part vii had transactions related to the "collateral assignment split dollar" (casd) program offered by virtua health. All transactions related to this program were between the individual and virtua health, inc. Ein 22-3524939. Therefore, all part x and schedule l reporting related to these transactions are reported on virtua health's return.”

“In prior years, certain individuals were listed as key employees of the filing entity; however, for the current year, they are key employees of a related filing entity. These individual remain disclosed, as applicable, on the appropriate return where they meet the classification of key employee.”

“Each officer and key employee is compensated by virtua health, inc. (ein 22-3524939), a related organization. Some officers and key employees devote 40 hours a week to virtua health, inc. The amount of time devoted to related organizations is dependent on their involvement in those organizations. As a result, the total average hours per week for each officer and key employees may vary.”

“The world health organization in march 2020 declared covid-19 a pandemic. As a direct result of the spread of the virus, virtua health incurred significant unbudgeted costs for testing, personal protective equipment, staffing, third-party contracted services, and other operating costs. Every effort was made to care for those stricken with the virus to enable their recovery while ensuring employee and patient safety. Virtua stewarded its financial resources so as to ensure that it could meet the needs of the communities that it serves, and was able to respond to each resurgence of the virus. As of this time, the ultimate amount of government funding to be retained or received to offset both the incremental unbudgeted costs, as well as the loss of revenue that resulted from the disruption to the normal provision of healthcare services, is yet to be determined.”

“Net asset transfer to virtua - west jersey health system, inc. 1,391,248. Net asset transfer from virtua health, inc. -1,947,212. Net asset transfer to virtual medical group, p.a. 300,251. Net asset transfer from vri, inc. 446,182.”