Presbyservices

“The audit committee of the board of directors reviews and approves the form 990. The form 990 is then sent to all board members for their review prior to finalizing and filing the tax return.”

“All board members, officers, and key employees of the organization are required to annually disclose any conflicts of interest via completion of a conflicts form. Those individuals are required to disclose any and all ongoing issues that arise during the course of the year. Signed conflict of interest statements are given to the board and reviewed and maintained by the organization's compliance officer (the vp of human relations). Any individual with a conflict of interest must abstain from voting on the matter.”

“Philadelphia presbytery homes and services for the aging (the parent entity)has an executive compensation program developed by members of the executive compensation committee which is comprised of board members. The committee contracts with mercer, llc annually to conduct market studies which are used to ensure that salaries of key employees are commensurate with similarly sized senior living organizations. The compensation program has been developed to comply with all regulatory and statutory requirements affecting executive compensation in a not-for-profit context. All compensation recommendations and program design elements for the executives and key employees are reviewed by mercer, llc and the executive compensation committee to ensure full compliance with these requirements. The executive compensation committee is comprised of independent persons, and decisions of the committee are documented in committee minutes and is included with board materials.”

“No documents are available to the public.”

“Presbyservices d/b/a presby affordable housing 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.”