Elm Terrace Gardens

“The organization's CFO will PERFORM AN INITIAL review OF the Form 990. UPON HIS APPROVAL, THE BOARD OF DIRECTORS WILL RECEIVE COPIES OF THE RETURN before the return is filed with the IRS.”

“1. Directors attest upon election to the board and annually thereafter that they are not deliberately engaged in any activities which create a conflict of interest. Directors attest upon election to the board and annually thereafter that they will disclose such a conflict of interest should it arise. Such attestation is documented on the "Individual Statement Regarding Conflict of Interest" form. 2. Executed attestations are filed in the Board of Directors file. 3. Should a director (or anyone else) believe that there exists a conflict of interest or a potential for a conflict of interest between the interests of Elm Terrace Gardens and any other interest a director may have, such is brought to the attention of the Executive Committee of the Board of Directors in writing. 4. The Executive Committee evaluates the conflict or potential conflict to determine whether it undermines the director's ability to serve. 5. Should the board determine that the director not be removed from office, the director abstains from discussion of and voting on any matter related to the conflict or potential conflict.”

“The organization uses the Pennsylvania LeadingAGe salary survey for southeastern Pennsylvania as well as the NY, NJ, and PA regional LeadingAge and HCS CCRC compensation surveys in determining all employee compensation. ALL COMPENSATION DECISIONS ARE DETERMINED TAKING INTO CONSIDERATION FAIR MARKET RANGES FOR THE INDUSTRY. The compensation of the President is approved by the board. THE PRESIDENT, IN TURN, DETERMINES COMPENSATION FOR OTHER KEY EMPLOYEES. ALL DECISIONS ARE DOCUMENTED, INCLUDING THE AWARDING OF INCENTIVE BONUSES.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request. In addition, the financial statement is included in the disclosure statement provided to existing and prospective residents.”

“FLIK Contract: Program service expenses 2,939,514. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,939,514. Occupational Therapy Services: Program service expenses 443,572. Management and general expenses 0. Fundraising expenses 0. Total expenses 443,572. Physical Therapy Services: Program service expenses 548,629. Management and general expenses 0. Fundraising expenses 0. Total expenses 548,629. OTHER PROFESSIONAL SERVICES: Program service expenses 483,210. Management and general expenses 0. Fundraising expenses 0. Total expenses 483,210.”