Bellmead Housing Corporation

“Managed by Presbyterian Seniorcare, the sole member of Bellmead Housing Corporation.”

“The organization is a non-stock Pennsylvania non-profit corporation. The sole member of the organization is Presbyterian Seniorcare, a tax exempt 501(c)(3)organization, Fed ID no 25-0969422.”

“The organization has one member who elects the members of the board of directors. The member, Presbyterian Seniorcare, is an exempt 501(c)(3)organization.”

“A copy of the Form 990 was provided directly or emailed to each director of the board prior to filing of the Form 990. No review was or will be conducted.”

“The organization has a written conflict of interest policy. All officers, directors and key employees are required to complete a conflict of interest questionnaire annually. The questionnaires are then reviewed by the governance committee of the sole member, Presbyterian Seniorcare, which then communicates any findings to the Bellmead Housing Corporation board for any corrective action needed. To date we have had no unresolved conflict of interest problems.”

“The sole member of the organization, Presbyterian Seniorcare, has a management compensation policy and philosophy in place. The executive committee of the board is charged with conducting and monitoring this policy. They utilize compensation data from the national chapter of the Leading Age Association annual leadership compensation survey. This survey includes data from the country's largest non-profit long-term care systems. We benchmark our salaries with peer groups our size within the study, utilizing the 50th percentile as our target goal. All compensation for the CEO, officers and other key employees is approved by the board of directors after review of all information. All other employees are benchmarked against state and local association data. No independent board members are compensated in any way.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. We will make copies of requested documents at IRS approved rates per page, or the requestor may come to the offices to review the documents.”