Diakon Lutheran Senior Housing At

“Because diakon lutheran senior housing at luther meadows is a party to a regulatory agreement with the u.s. Secretary of housing and urban development, any action of the board which is contradictory to the regulatory agreement or has direct impact on the property requires approval of the secretary of hud prior to implementation.”

“Diakon lutheran senior housing at luther meadows has a cpa firm prepare its form 990. The return is completed in draft form and reviewed by management of the organization. The return is then finalized and the board is provided a copy of the form 990 before it is filed.”

“The board of diakon lutheran senior housing at luther meadows consists of officers of diakon. The compliance officer of the organization reviews the organization's conflict of interest statement and certification form with board members and officers. All diakon board members and all officers and key employees are required to complete a certification form and disclose possible or actual conflicts of interest. The completed forms are reviewed by the compliance officer and by the organization's outside auditor on a regular basis.”

“Diakon lutheran senior housing at luther meadows ceo is paid by diakon. Executive compensation philosophy a compensation committee utilizes external consultants to assist with the development, administration, and determination of compensation, welfare, benefit, and other plans, which take into account appropriate industry benchmarks and the compensation policies followed by organizations similarly situated to diakon. The compensation committee has adopted a written "charter," which sets forth the purpose, membership and responsibilities of the committee. In addition, it conducts its activities in compliance with diakon's "excess benefits transactions" policy, which requires review and approval by independent persons, comparability data and contemporaneous substantiation of the deliberation and decision. Diakon's executive compensation program consists of a base salary reflecting the value of an executive's capabilities, experience, and success in meeting mission, financial, operational and quality objectives. Information about executive compensation issues and decisions is reported to the full board of directors at regular meetings. Employee benefits diakon provides all employees, including executives, with a comprehensive benefit plan that includes health insurance, dental insurance, life and disability insurance and a retirement plan.”

“Diakon lutheran senior housing at luther meadows makes its governing documents (articles of incorporation and bylaws) and conflict of interest policy available upon request. Audited financial statements are filed annually with the u.s. Dept. Of housing and urban development and are also available upon request.”

“Transfer of net assets 755,855.”

“The organization's board of directors assumes responsibility for oversight of the audit. The process is consistent with prior years and has not changed.”