Old City Presbyterian Apartments

“Humangood pennsylvania, a related party, provides management and other supportive services to the organization pursuant to a management agreement.”

“Parent entity humangood east (ein 23-2828862) has the right to elect the filing organization's board of directors.”

“Parent entity humangood east (ein 23-2828862) must approve activities of the filing organization such as the following: - approval of the annual budgets, or deviations, from - incurrence of debt not included in an approved budget - purchase, sale, encumbrance, or lease by or to the corporation - form of contracts with residents and other users of the corporation's services - appointment of audit committee or standing committee members”

“The form 990 is reviewed by the cfo and furnished to the board of directors for review prior to filing with the irs.”

“Every year, the organization's directors and officers are asked to complete a conflict of interest disclosure along with a statement of commitment. In connection with any actual or possible conflict of interest, directors and officers must disclose the existence of the financial interest and all materials facts related thereto to the directors and members of committees. A vote is taken outside the presence of the individual in question to determine if an actual conflict exists. If the board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If, after hearing the response of the member, the board or committee determines that the member has in fact failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.”

“Compensation of the president, coo, and cfo of humangood is reviewed annually for market competitiveness by a compensation committee of the humangood board. Compensation of other officers and key employees is reviewed by the ceo with disclosure to the compensation committee. The human good board members and president are independent with respect to the individuals whose compensation is being reviewed, the humangood board and president rely upon wage and salary studies and/or regular review by a compensation consultant to provide comparable salary data for their consideration. Decisions regarding compensation are documented on a contemporaneous basis.”

“The governing documents and financial statements are available for inspection upon request. Financial and other data is available on the organization's website, humangood.org.”

“Certain board members received a stipend for 2024 for their board and committee work related to humangood. No compensation is paid to any board members for their role on the filing organization's board. Board stipends: commencing two years after the may 1, 2016 affiliation of humangood norcal and humangood socal, the seven-member humangood board began receiving stipends for their service to the top governing organization, humangood. An evaluation was performed of similary complex non-profit organizations to determine the reasonableness of the stipend amount for the hours committed to governance. No remuneration is attributable to service by these seven board members on boards of other humangood affiliates. The remuneration is taxable to each of the members and reported annually on form 1099 in addition to disclosure in the form 990. Based on receiving this remuneration and the advice of tax consultants, these board members are not reflected as being independent directors.”

“Because we believe this, our mission is to inspire your best life. We do that by working hand-in-hand to create experiences that matter to you.”

“Old city presbyterian apartments is an affiliate in a group of which presbyservices d/b/a presby affordable housing (ein: 23-3000326) is considered a common pay agent for w-2 reporting. Presbyservices reports all employees on its form w-3; however, each affiliate is allocated employees, salary expense and benefits. Per irs instructions, employees listed on form 990, part v, line 2a are deemed to be employees of this organization. Old city presbyterian apartments does not, however, report these employees on a separate w-3 under its own ein.”