Healthcare Options Inc

“Healthcare Options Inc. had signed Definitive Agreement with Active MA, Inc. for sale of its Adult Day Health programs on June 2, 2020.”

“The 2020 Form 990 was electronically distributed to all Board members through the agency online portal prior to submittal. The Finance Committee consists of Board members who are responsible for the oversight of all audit, tax and financial matters of the company. Board members are invited to inquire to the CFO with any questions related to the tax filings.”

“Officers and members of the Board of Directors are required to sign conflict of interest statements annually. It is considered the responsibility of the individual to come forward with any items they feel may be considered a conflict of interest. In situations where a conflict is deemed to exist, members must remove themselves from deliberation and decisions regarding the entity.”

“The process for determining the compensation for the organization's CEO includes the review and approval of the Executive Evaluation Committee (select members of the Board of Directors) who review the CEO, compare salary to Home Care Alliance statistics and other accumulated data, for similarly qualified persons holding similar positions, and vote on salary adjustments annually. The process for determining the compensation for the officers and key employees of the organization includes the use of comparability surveys for similarly qualified persons, and approved by the Board of Directors.”

“The organization will provide their governing documents, conflict of interest policy and financial statements to the public upon written request.”

“The organization effectively terminated all operations effective December 31, 2020. Adult day Health programs were sold and Private Care home care services were discontinued.”

“Elder Dental Program: This program is dedicated to helping low income elders receive dental care through the coordination of a network of dentists who service these elders at a reduced fee. The revenue generated for the operation of this program was through solicited grant funding. This program was transferred to Community Visiting Nurse agency, Inc. in June 2020, which is a related organization.”

“Loss on Sale of assets $305,345 (M&G), Medical Supplies $18,560 (Prog), Dietary Foods $70,712 (Prog), Dues $5,064 (M&G), Bad Debt and Other (M&G) $114,780 and Program expenses (Prog) $7,407”