Sunset Manor Inc.

“The organization has members who attend the annual meeting each year and vote on a slate of board members for that year. These members are all residents and donors of the organization.”

“The members of the organization elect board members to the governing body at the annual meeting each year.”

“The form 990 is reviewed by the chief executive and chief financial officers, and distributed to the finance committee of the board of directors for review prior to filing.”

“The conflict of interest policy covers any director, principal officer, or member of a committee with governing board delegated powers, who has a direct or indirect financial interest. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of the committees. After the disclosure, the remaining board or committee members shall decide if a conflict of interest exists. If the governing board or committee has reason 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 further investigation, the governing board or committee determines the member has failed to disclose a conflict of interest, it will take the appropriate disciplinary and corrective action. The board of directors is responsible for enforcing and monitoring the conflict of interest policy.”

“The board of directors has formed a compensation committee and engaged with outside compensation consultants to determine the compensation of the ceo and other executive committee members. This process was most recently undertaken in 2021.”

“Documents are available upon request.”

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“Sunset manor sold the sole skilled nursing facility during 2021.”

“Change in fair value of swap agreement 1,852,801. Discontinued operations 7,024,562. This process has not changed since prior year.”

“The required single audit as set forth in the single audit act and omb circular a-133 has not yet been completed. Plans have been made to have the required single audit completed by the extended due date as established in omb m-20-26.”