The Austin Geriatric Center Inc

“Organization's process to review form 990 explanation: every member of the board is provided a copy of the form 990 for review. The return is reviewed for accuracy with any changes being discussed and submitted to management.”

“The organization enforces its conflict of interest policy through annual disclosure statements, ongoing reporting of potential conflicts, and recusal of interested persons from related discussions and votes. Individuals must disclose actual or potential conflicts as they arise. The board or committee reviews disclosures, determines conflicts, and approves only transactions that are fair and, in the organization's best interest. All actions are documented in meeting minutes, with periodic reviews to ensure compliance.”

“The executive director's salary is determined by the board of directors based on performance and comparable salaries. Compensation for directors and managers is determined by the executive director based on performance reviews and comparable salaries.”

“Governing documents disclosure explanation: the organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

“Shontell gauthier, executive director - start date: september 2024”

“2024 accomplishment update: the center has developed a comprehensive strategic master plan focused on the long-term sustainability and growth of our housing services. Key objectives of the plan include: 1. Continuing to provide safe, affordable housing for low-income seniors on-site; 2. During the year, the organization advanced its comprehensive strategic master plan by hiring an executive director to ensure long-term sustainability and growth. Rbj hired a core team: an executive director, a licensed social worker serving as resident services manager, and a director of community engagement, nutrition and wellness manager. Strategic priorities include maintaining safe and affordable senior housing, upgrading amentities to improve resident well-being, expanding affordable housing options in central texas, pursuing mixed-use developments consistent with neighborhood plans, and stewarding land resources responsibly to sustain community impact. 3. Expanding the availability of affordable housing for elderly individuals in central texas; 4. Adding additional mixed-use developments in alignment with the neighborhood's long-term vision; and 5. Serving as responsible stewards of the center's land, ensuring long-term viability and positive community impact. Agc is the sole owner of the entities which serves as the managing member of the two entities (agc rbj, llc and agc rbj, ii llc) which owns the ladybird and the rebekah, respectively. Each of these project owners is a texas limited liability company funded by tax credit investors. Agc rbj llc operates as the ladybird and agc rbj ii llc will operate as the rebekah upon the completion of renovations in 2025.”

“During the current fiscal year, the organization recorded a prior period adjustment in the amount of $1,012,640. This adjustment was necessary due to developer fee income that was not recognized on the prior year's financial statements. As a result, the organization has reflected the adjustment in the current year's financial statements to ensure accurate and complete reporting. This adjustment is reported in part xi, line 8.”