Meadowood Corporation

“- unidine corporation runs the dining services provided at meadowood. - genesis runs the therapy services provided at meadowood.”

“The cfo and controller coordinate obtaining responses to questions on the form 990 and query the appropriate parties. The draft is reviewed by the cfo. The final version is reviewed with the finance committee of the board of directors and summarized to the full board, who also receive a full copy of the final version before the return is filed with the irs.”

“According to the organization's conflict of interest policy, every trustee and senior staff member (strategic team) will complete an "annual conflict of interest and disclosure of related activities statement". The purpose of the statement is to disclose any interest that may create a conflict of interest in light of their relationship with meadowood. The executive assistant to the ceo reviews all signed conflict of interest forms. If any interest is disclosed on the statements and is deemed to be a concern by staff or board members, the board will review the potential conflict and recommend action to mitigate the conflict or end the relationship that caused the conflict. Family and business relationships are mentioned as sources of conflict in the policy statement.”

“At year-end, the president/ceo submits his assessment of his achievement of his goals and any other pertinent information regarding his responsibilities for the previous year to the executive committee (ec). The vp of human resources (hr) submits current comparative wage information regarding other ceos to the ec. The ec reviews the ceo's assessment, hr data and, as necessary, solicits other information or comments from the staff. The ec makes a recommendation to the board concerning the ceo's review and the following year's compensation. The board meets in executive session, reviews the entire process, makes a final evaluation and determines the next year's compensation. This process and executive session are documented in meeting minutes. The board chair delivers the board's decision to the ceo. Market rate comparisons are also obtained for all key staff positions and communicated to the ceo as part of the annual review process, which also includes a self-evaluation, evaluation by the ceo, and goal setting. The vp of human resources ensures that the proper rates are paid. Documentation is in the form of a written review. This review is performed every year for all relevant staff.”

“An annual disclosure statement includes the audited financial statements and is provided to all prospective residents. It is also available upon request. The governing documents and conflict of interest policy are available upon request and in the community's library.”

“Change in fair value of derivative financial instruments 120,255. Net assets released from restrictions 241,791.”