Jewish Senior Life

“The form 990 is prepared by the jewish senior life's finance department. It is reviewed by an independent outside accountant and by the audit committee prior to submission. A copy of the 990 is available to all board members upon request.”

“Each board member, officer, member of a committee with board-delegated powers, and key employee annually signs the conflict of interest policy. If a conflict arises and disclosure of the financial interest is made, the interested persons will leave the board or committee meeting while the financial interest is discussed and voted upon. The remaining board or committee members will decide if a conflict of interest exists. If appropriate, the chairperson of the board or committee will appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. The board will then determine with the organization if they can obtain a more advantageous transaction or arrangement with reasonable efforts from a person or entity that would not give rise to conflict of interest. If the board or committee has reasonable cause to believe that an interested person has failed to disclose actual or possible conflicts of interest, it will inform the interested person of the basis for such belief and afford him or her an opportunity to explain the alleged failure to disclose. If the board determines that the person has in fact failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.”

“Jsl has formed a compensation committee comprised of the board chair, treasurer, secretary, and at least two other at large board members to review and determine the annual compensation packages for the senior management team. On a regular basis the compensation committee obtains from a third party consultant, a compensation survey that determines the market rates for each of the positions and then determines what if any adjustments should be made to salaries. This same compensation committee, on an annual basis determines what the variable compensation goals should be and whether or not they have been met. The last meeting took place on december 2, 2024.”

“Jsl publishes its financial information as part of a consolidated annual report that includes all of its subsidiary organizations. It is widely distributed and available upon request. Jsl may provide upon request its conflict of interest policy as well as any appropriate documents.”

“An audit committee comprised of members of the jewish senior life board has been created with the purpose of selecting the independent firm to oversee the annual audit and to accept or amend the audit reports as presented. The audit committee meets independently with the audit firm on an annual basis. This process has not changed from the prior year.”