Morningstar Senior Living Inc

“(1) the executive committee consists of the board chairperson, chairperson elect, treasurer, secretary, eastern district executive board president, one member of the current board of directors, and for at least one year the immediate past president of the board of directors if he or she is still a member of the board of directors. (2) the executive committee acts for the full board of directors in the interim between regular board meetings. It may exercise any and all powers granted to all other standing committees. The executive committee does not have the power and authority to elect officers, amend bylaws, fill vacancies on the board or create committees and appoint members.”

“Morningstar senior living, inc. Uses a management company to manage the community's dining service functions. Dining service managers are employed by the management company. All other dining staff are employed by morningstar senior living, inc.”

“Morningstar senior living, inc. Has a sole member, unitas communities (ein 93-4015350), which is its parent and a supporting organization.”

“The sole member of this organization, unitas communities, has the right to elect the board of directors.”

“The sole member of the organization, unitas communities, has the right to approve a number of actions by the board, among which are the following: 1. Election of board directors and officers of the corporation 2. Approval of the organization's strategic plan 3. Approval of tax-exempt or other non-budgeted financing 4. Amendment of the organization's articles of incorporation or bylaws this above list is not exhaustive. The organization's bylaws elucidates a more comprehensive listing of corporation actions which requires the approval of the sole member.”

“The form 990 and related schedules are prepared by an external accounting firm and reviewed by the chief financial officer and the president & ceo. The reviewed form 990 and related schedules are provided to the finance and audit review committee for approval. The form 990 and related schedules are then provided to the board of directors prior to filing.”

“Annually, each board member, officer, and key employee is given a copy of the morningstar senior living, inc. Conflict of interest and confidentiality statement as well as related questionnaire to be completed and signed. The questionnaire requires each signer to list businesses in which the signer or spouse is a member, employee, or owner with which morningstar senior living, inc. Might reasonably enter into a transaction as well as any other relationship or activity that might give rise to a conflict of interest. If a board member has a significant financial interest in a transaction upon which action is to be taken or withheld by the board, the policy does not permit such board member to vote on or use any personal influence regarding such matter. If any officer or key employee has a significant financial or other interest in a transaction, the president and chief executive officer, in conjunction with the board, must approve the transaction.”

“The compensation of the president and chief executive officer is determined annually as a result of a performance review process chaired by the chairperson of the board of directors. This process involves the board's executive committee members (comprised of the officers of the board; one additional board member appointed to this committee as an "at large" member; and the president of the eastern district of the moravian church). The performance review process for the president and chief executive officer focuses upon the achievement (or lack thereof) of agreed upon strategic and operating performance goals for morningstar senior living, inc. The compensation of the chief financial officer and the other key employees is determined by a performance review/evaluation tool and scoring process (leadership development plan) completed by the president and chief executive officer.”

“Morningstar senior living, inc. Makes its governing documents, conflict of interest policy, and financial statements available to the public upon written request.”

“Change in value of interest rate swap 401,299.”