St Anns Home for the Aged Corp

“The organization is an affiliate within Peace Care, Inc. and affiliates. This organization has a financial management services agreement with Holy Name Medical Center, Inc.; an internal revenue code section 501(c)(3) tax-exempt hospital organization. Through this agreement, Holy Name provides this organization with certain back office financial support services and financial management services. Peace Care, Inc. is a related 501(C)(3) tax-exempt organization that serves as the parent entity of this organization. Peace Care, Inc. provides this organization with certain centralized administrative services, including management, finance, human resources, marketing, public relations and development.”

“Peace Care, Inc. is the sole member of this organization. Peace Care, Inc. has the ultimate authority and right to elect the members of this organization's board of trustees and has certain reserved powers as defined in this organization's bylaws.”

“The organization is an affiliate within Peace Care, Inc. and affiliates ("system"). The organization's federal form 990 was provided to each voting member of the organization's governing body prior to filing of the form 990 with the internal revenue service ("irs"). As part of the tax return preparation process, the organization hired a professional certified public accounting ("CPA") firm with experience and expertise in both healthcare and not-for-profit tax return preparation to prepare the federal form 990. The CPA firm's tax professionals worked closely with the system's finance personnel and various other system individuals ("internal working group") to obtain the information needed in order to prepare a complete and accurate tax return. The CPA firm prepared a draft federal form 990 and furnished it to the system's internal working group for their review. The internal working group reviewed the draft federal form 990 and discussed questions and comments with the CPA firm. Revisions were made to the draft federal form 990 where necessary and a final draft was furnished by the CPA firm to the internal working group for final review. Following this review, the form 990 was then presented to Peace Care, Inc.'s audit and compliance committee and provided to the organization's governing body prior filing with the irs. filing with the irs.”

“The organization is an affiliate within peace care, inc. And affiliates ("system"). The organization and system regularly monitor and enforce compliance with its conflict of interest policy. The primary purpose of the policy is to ensure that the board and executive staff can make decisions in an objective manner without undue influence by interested persons and to ensure that the organization fulfills its charitable purposes. Each board member and principal officer with board delegated power shall annually sign a statement which affirms that such persons have complied with the following: 1) received a copy of this policy, 2) read and understand this policy, 3) agreed to comply with this policy, 4) understand that the organization is a charitable organization and that in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes and, 5) disclosed activities and financial interests which may result in a conflict of interest. Potential conflicts are discussed at the appropriate audit committee meeting and a decision on how to handle is voted on in the absence of the individual who has a conflict.”

“The organization is an affiliate within peace care, inc. And affiliates ("system"). The organization has a compensation committee ("committee") of the board of trustees. The compensation and benefits of this organization's officer(s) are reviewed by the committee on an annual basis to ensure fair market value compensation is paid. Where appropriate, the committee also reviews external comparable data and seeks advice from external industry consultants.”

“Pursuant to state of new jersey p.l. 2021, chapter 457, (which was effective on november 1, 2022), this organization has posted on its internet website a copy of this internal revenue service (irs) form 990 and all schedules and supporting documentation required to be submitted to the irs in conjunction with the form 990 with the exception of those schedules not open for public inspection. Said form 990 was posted by the organization after filing its form 990 with the irs.”

“The organization's filed certificate of incorporation and any amendments can be obtained and reviewed through the state of new jersey department of the treasury. In addition, the organization's conflict of interest policy and audited financial statements are available upon request.”

“Core form, part vii and schedule j reflect certain board members and officers receiving compensation and benefits from this organization or a related organization. Please note that this remuneration was for services rendered as full-time employees of the organization or a related organization and not for services rendered as a voting member or officer of this organization's board of trustees.”

“The organization is an affiliate within peace care, inc. And affiliates ("system"). An independent cpa firm audited the consolidated financial statements of peace care, inc. And affiliates, for the years ended december 31, 2024 and december 31, 2023; respectively. The audited consolidated financial statements contain consolidating schedules on an entity by entity basis. The independent cpa firm issued an unmodified opinion with respect to the audited consolidated financial statements each year. In addition, an independent cpa firm audited the separate financial statements of peace care st. Ann's, for the years ended december 31, 2024 and december 31, 2023; respectively. The independent cpa firm issued an unmodified opinion with respect to the audited separate financial statements each year. Peace care, inc.'s audit and compliance committee has assumed responsibility for the oversight of the audit of the consolidated financial statements, which includes this organization and the selection of an independent auditor.”