Vincentian Regency

“Vincentian collaborative system (vcs) performs management duties on behalf of vincentian regency.”

“The bylaws of the organization were revised and adopted by the vcs board of directors on january 13, 2014. The predominate focus of these revisions was to streamline the board membership and related structures. Copies of the specific changes to the bylaws are available upon request.”

“The members of the organization are "those persons who serve from time to time as the directors of vincentian collaborative system, a pennsylvania nonprofit corporation ("vcs")."”

“The members of the organization are "those persons who serve from time to time as the directors of vincentian collaborative systems, a pennsylvania nonprofit corporation ("vcs")." as such, the directors of the vcs shall be entitled to all rights and powers of the members under pennsylvania law and these bylaws of the organization.”

“Vincentian regency maintains bylaws which provide that the members of the organization, described as "those persons who serve from time to time as the directors of vincentian collaborative system, a pennsylvania nonprofit corporation ("vcs")" have reserved powers over the organization. Those reserved powers are as follows: 1. Approval of the statement of philosophy of the organization; 2. Approval of the statement of mission and goals of the organization; 3. Adoption, amendment or repeal of the articles of incorporation and bylaws of the organization; 4. Election and removal of directors, the chairperson of the board of directors; 5. Approval of the appointment of the administrator; 6. Approval of the following transactions by the organization: a. Incurrence of long-term debt; b. Purchase, sale, lease, disposition, encumbrance, or other transfer of any interest in or to any real or personal property; c. Dontation of assets or other transfer of assets for less than their fair market value to entities not owned, sponsored, or controlled by the organization d. Spending policies of the organization; 7. Approval of participation, investment,involvement or ownership in new ventures or entities, including the investment of money or other consideration or participation as a stockholder, member of otherwise in corporations, partnerships, joint ventures, associations or other nonprofit or business organizations or entities by the organization; 8. Approval of passive investments for inclusion in the investment porfolios, such as private equity funds, by the organization in excess of 10% of the value of the net assets of the organization. 9. Approval of the merger, consolidation, dissolution or liquidation of the organization, and the establishment, merger, consolidation, dissoluation, or liquidation of any affiliates; 10. Ratification of the strategic plan of the organization; 11. Ratification of the operating and capital budgets of the organization.”

“The audit and compliance committee of the parent organization, vincentian collaborative system (vcs), reviewed the 990 prior to filing, as did the administrator of vincentian regency and the vcs chief financial officer and chief executive officer. A completed copy was provided to all board members prior to filing with the internal revenue service.”

“A copy of the conflict of interest policy is provided to each director and officer along with a disclosure statement. Each director or officer is required to complete and return the disclosure statements in a timely manner. The corporate compliance officer reviews the disclosure statements for potential conflicts. Reported potential conflicts are reviewed with the chairperson of the board of directors, the administrator and legal counsel. Additional investigation is completed by either the board chairperson or the corporate compliance officer at the direction of the board chairperson. Potential conflicts are then reviewed with the parent organization, vincentian collaborative system (vcs), audit & compliance committee which is a committee of the vcs board of directors. Potential conflicts are then reviewed by the vincentian regency board of directors outside of the presence of the director or officer involved.”

“The purpose of the compensation and benefits committee of the board of directors of vincentian collaborative system (vcs) is to oversee executive compensation and benefits plans for the organizations president/ceo, and to establish and oversee compensation practices, ranges and benefit plans for all of the organization (including senior management). The annual process to evaluate and set compensation includes: - a review of the current compensation for the president/ceo - a review of any new legislation that may have an affect on such compensation.(such information is presented by experienced external experts) - a review and evaluation of appropriate competitive market information and any other such information that the committee deems appropriate. - the establishment of the compensation package (salary, incentive(s) and benefits) for president/ceo - the establishment of compensation practices, including external references for ranges, and benefits for the organization (including senior management) - the recommendation of the president/ceo's compensation package as well as the practices for management to set the rest of the organizations compensation and benefits is made to the executive committee of the board of directors of vcs for consideration. The executive committee shall take this information into consideration, along with other factors including budgetary considerations and individual performance, in determining and approving the recromendation of the committee.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

“We seek to be a healing presence - dedicated to a respect for individual dignity and the value of human life. Our primary concern is to create a family-like setting - a loving, caring atmosphere - that promotes the physical, spiritual, psychological, and social well-being of each person in our care.”

“Effective june 30, 2013 the nursing facility operations ceased at vincentian regency. The facility continues to be used for storage purposes for the rest of the ministries, while management reviews future options. Management is reviewing several options regarding the future use of the building and other assets of vincentian regency to further the organization's tax exempt purpose and its mission of providing services to meet the needs of the pittsburgh area's senior population; however, a final decision has not been made as of this date. As of june 30, 2014 the organization has not amended or superseded any of its governing documents, other than the bylaw revision as described. Therefore, the carrying value of these assets has not been adjusted to date.”

“Change in interest in vcs foundation 2,373. Change in beneficial interest in net assets of affiliate -40,000. Transfer to affiliate 16,162.”