Centrastate Assisted Living Inc DBA Monmouth Crossing

“CentraState Healthcare Systems (CSHS) a 501 (C) (3) organization is the sole member of its wholly owned subsidiary corporations and not-for-profit entities.”

“As the sole member, the parent corporation has the authority to appoint board members for each of the subsidiary entities of which it is the sole member. This is done by the Chair of the Parent Board, with the advice and consent of the Governance Committee.The Board of Trustees meets monthly and is responsible for the control and management of the property, affairs and funds of CentraState Assisted Living, Inc. and for filling vacancies among its members.”

“All of the corporate powers and authority of the CentraState Assisted Living, Inc. ("Corporation") in the certificate of incorporation and in the laws of the State of New Jersey shall be vested in and exercised by a Board of Trustees. The trustees of the corporation shall be drawn solely from the Board of the parent. The corporation shall have no fewer than three trustees, and no more than six, one of whom shall be President and CEO of the parent.Governance decisions are presented to the parent board with the advice and consent of the Governance Committee.”

“CentraState Medical Center staff prepared the 990 which was subsequently reviewed by Baker Tilly, an independent accounting firm. The return was then presented to the Audit Committee at the October 2019 meeting and was subsequently reviewed by the Board Of Trustees prior to being filed.”

“All officers, trustees and key employees are required, annually, to review the Corporation's Conflict of Interest Policy and complete a Conflict of Interest Questionnaire, which is submitted to Corporate Counsel. Counsel reviews each completed questionnaire and prepares a report, which is shared with the Board's Governance Committee and ,ultimately, the Board. The Policy is enforced, as needed, depending on the circumstances -- for example, through recusal from voting, divestiture of conflicting property interests, or in certain past cases, resignation from the Board.”

“This also relates to Part VI, Line 15a.Annually, CentraState Assisted Living, Inc. establishes and maintains reasonable executive compensation and benefits programs that allow the healthcare system to effectively attract, retain, and motivate key executives while maintaining compliance with all legal requirements.CentraState Healthcare System's Board of Trustees has the primary responsibility to provide executive pay and benefit strategies that are competitive and compliant with all legal requirements.Responsibility for providing direct oversight of the executive compensation and benefit programs are vested with the Executive Compensation Sub-Committee (ECSC).The ECSC will engage an independent compensation consultant that reports directly to the committee and provides them with objective compensation data and advice. Decisions regarding executive pay shall be based on objective compensation data from comparable institutions and shall ensure that executive pay is commensurate with individual and organizational performance. Salary increases, when applicable, for executives and employee compensation are discussed and approved by the Board Of Trustees. Further, documentation is disclosed within the minutes of the parent board.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available upon written request from the public.”

“Change in Interest CS Healthcare Foundation = $4227”