Orchard Cove Inc.

“DESCRIPTION OF CLASSES OF MEMBERS OR STOCKHOLDERS HEBREW SENIORLIFE, INC. IS THE SOLE MEMBER OF THE ORGANIZATION. FORM 990, PART VI, LINE 7A Members Who May Elect One or More of the Governing Body THE HEBREW SENIORLIFE, INC. BOARD CHAIR APPOINTS THE MEMBERS OF THE ORCHARD COVE, INC. BOARD OF DIRECTORS WITH THE ADVICE AND CONSENT OF THE HEBREW SENIORLIFE, INC. BOARD MEMBERS.”

“Classes of Persons, Decisions Req. Appr & Type of Voting Rights DECISIONS INVOLVING MAJOR CHANGES IN ORGANIZATION, DEBT PLACEMENT, SALE OF ASSETS, ETC. ARE ALSO SUBJECT TO APPROVAL BY HEBREW SENIORLIFE, INC.S BOARD. ULTIMATELY, GOVERNANCE OF THE CORPORATION RESTS WITH THE BOARD OF DIRECTORS OF THE COMPANY'S SOLE CORPORATE MEMBER, HEBREW SENIORLIFE, INC. FORM 990, PART VI, LINE 11 Process used by MGMT &/or Governing Body to Review 990 PREPARATION OF THE FORM 990 BEGINS INTERNALLY WITH HEBREW SENIORLIFE STAFF AND ERNST & YOUNG PREPARING THE FORM WITH INPUT PROVIDED BY HEBREW SENIORLIFE, INC. ALL FORMS 990 AND 990T OF THE AFFILIATES OF HEBREW SENIORLIFE, INC. (HSL IS THE SOLE CORPORATE MEMBER OF EACH AFFILIATE) WILL BE REVIEWED PRIOR TO FILING BY THE AUDIT COMMITTEE OF HEBREW SENIORLIFE, INC. SUBSEQUENT TO SUCH REVIEW AND PRIOR TO FILING COPIES WILL BE PROVIDED TO THE APPROPRIATE GOVERNING BOARD OF DIRECTORS FOR EACH AFFILIATE. THE GOVERNING BOARDS WILL HAVE 5 DAYS TIME IN WHICH TO VIEW THE FULL RETURNS PRIOR TO THEIR FILING.”

“Process to Monitor Transactions for Conflicts of Interest THE BOARD OF ORCHARD COVE, INC. VOTED TO ADOPT THE HEBREW SENIORLIFE, INC. CONFLICT OF INTEREST POLICY. MONITORING AND DEALING WITH POTENTIAL OR ACTUAL CONFLICTS INDIVIDUALS COVERED UNDER THE CONFLICT OF INTEREST POLICY HAVE AN AFFIRMATIVE DUTY TO DISCLOSE THE EXISTENCE OR POSSIBILITY OF A CONFLICT OF INTEREST AND SHALL BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE HEBREW SENIORLIFE CONFLICTS COMMITTEE. THE ORGANIZATION'S CONFLICT OF INTEREST POLICY PROVIDES THAT ANNUALLY, EACH COVERED PERSON SHALL SIGN A STATEMENT AFFIRMING THAT SUCH PERSON RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, READ AND UNDERSTANDS THE POLICY AND AGREES TO COMPLY WITH THE POLICY. THE SIGNED STATEMENT AFFIRMS THAT THE PERSON UNDERSTANDS ORCHARD COVE, INC. IS A CHARITABLE ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS TAX-EXEMPT STATUS, ORCHARD COVE, INC. MUST ENGAGE IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. WHO IS COVERED THE CONFLICT OF INTEREST POLICY COVERS ALL DIRECTORS, OFFICERS, MEMBERS OF COMMITTEES WITH BOARD DELEGATED POWERS, PERSONS SERVING IN SENIOR STAFF POSITIONS OUTLINED IN AN EXHIBIT ATTACHED TO THE CONFLICT OF INTEREST POLICY, AND ANY OTHER PERSON WHO IS IN A POSITION TO EXERCISE SUBSTANTIAL INFLUENCE OVER THE AFFAIRS OF ANY OF THE ORGANIZATION OR ANYOF ITS AFFILIATES. LEVEL AT WHICH DETERMINATIONS OF CONFLICT ARE MADE AND WHICH ACTUAL CONFLICTS ARE REVIEWED THE HEBREW SENIORLIFE CONFLICTS COMMITTEE IS RESPONSIBLE FOR DETERMINING IF A CONFLICT OF INTEREST EXISTS AND EVALUATING WHETHER THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A TRANSACTION THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. THE CONFLICTS COMMITTEE REPORTS ITS FINDINGS TO THE BOARD OF DIRECTORS WHO ARE RESPONSIBLE FOR MAKING A FINAL DETERMINATION ON THE CONFLICT. RESTRICTIONS ON CONFLICTED PERSONS ALL COVERED PERSONS ARE RESTRICTED FROM ENTERING INTO A TRANSACTION WITHOUT DISCLOSING THE ACTUAL OR POTENTIAL CONFLICT TO THE HEBREW SENIORLIFE CONFLICT COMMITTEE AND OBTAINING APPROVAL OF THE BOARD OF DIRECTORS. COVERED PERSONS WITH A CONFLICT MUST LEAVE THE ROOM WHEN TRANSACTIONS GIVING RISE TO THE CONFLICT ARE UNDER DISCUSSION BY THE BOARD OF DIRECTORS.”

“Process for determining compensation for officers and key executives the compensation committee of the hebrew seniorlife, inc. Board, with the assistance of data provided by an independent, expert consultant, has reviewed the president/ceo's total compensation and the compensation of all officers and key employees as well as highly compensated employees (>$150,000) of hebrew seniorlife, inc. And its affiliates. The full hebrew seniorlife, inc. Board further reviewed and approved the compensation of the officers, key employees and highly compensated employees of hebrew seniorlife, inc. And its affiliates. A full market review and approval of compensation, following the procedures outlined above was last completed in 2018. Additionally the organization completed a walk through of senior leadership compensation with an independent, expert consultant, during 2019. All of these committee members are independent directors. Independent consultants were hired by the compensation committee and assisted with the compensation review. Documentation and records of compensation committee meetings are maintained with respect to deliberations and compensation decisions.”

“Availability of Gov Docs, Conflict of Interest Policy, & Fin STMTs to Gen Public THE ORGANIZATION'S TAX RETURNS ARE AVAILABLE AT GUIDESTAR. GOVERNING DOCUMENTS ARE AVAILABLE AT THE COMMONWEALTH OF MASSACHUSETTS' WEBSITE. THE TAX RETURNS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE ALSO AVAILABLE UPON REQUEST AT THE OFFICES OF HEBREW SENIORLIFE, INC. AT 1200 CENTRE ST. BOSTON, MA 02131 OR BY TELEPHONE AND E-MAIL.”

“dignity and choice, and by recognizing that they are a resource to be cherished. As part of our mission, we accept special responsibility for the frailest and neediest members of our community who are most dependent on our care. We seek to fulfill this mission by: - Promoting our patients and residents health and wellbeing, helping them reach their full potential for enjoying life, and achieving the best they can be in mind, body, and spirt. - Stimulating the mind, body, and spirit by offering fitness programs, social opportunities, and entertainment in our large community center - Raising standards in senior health and housing through innovation and leadership FORM 990, PART I, LINE 22 DESCRIPTION OF NEGATIVE NET ASSETS The negative unrestricted net asset balance is due to Refundable Entrance Fee liabilities. Refundable entrance fees are paid to former residents from the proceeds of entrance fees paid by new residents. As entrance fees increase over time, the size of the Refundable Entrance Fee liability also increases, assuming a stable resident census. FORM 990, PART III, LINE 1 ORGANIZATION'S MISSION CONT'D THESE SERVICES ARE PROVIDED TO A POPULATION RECEIVING MEDICARE AND/OR MEDICAID. MEDICARE AND MEDICAID ACCOUNT FOR 59% AND 18% OF REVENUES RECEIVED BY THE ORGANIZATION, RESPECTIVELY. FORM 990, PART III, LINE 4A DESCRIPTION OF PROGRAM SERVICES offers the best care in the best place so that seniors can live the best life possible. Orchard Cove has 227 independent living units and 28 assistance in living units with the intent to provide conditions that foster independence, health and security for persons aged 62 and older. FORM 990, PART III, LINE 4d DESCRIPTION OF OTHER PROGRAM SERVICES Other program services are those revenues and expenses associated with program services but not directly related to one of the two major categories of Independent & Assistance in Living or Healthcare Center. This may include services and/or costs related to the onsite Wellness Center or those so closely intermingled they cannot be accurately allocated.”

“OTHER CHANGES IN NET ASSETS OR FUND BALANCES NET CHANGE IN VALUE OF ASSETS HELD BY RECIPIENT ORGANIZATION $3,581 Net assets released from restrictions for capital $348,893 Gain on involuntary conversion $313,440 Loss on refunding of debt ($19,213) TOTAL $646,701”