Cedars Home Health Care Services

“On August 15th, 2014, Concordia Visiting Nurses acquired control of the operations of Cedars Home Health Care Services. The information used to prepare part of this Form 990 was the historical information that was in the care of the former management. In the process of compiling the relevant financial information for the preparation of the Form 990, the new management noted significant misstatements in certain balance sheet accounts primarily related to intercompany receivable/payables and trade accounts receivables. The new management made adjustments to these accounts for the purposes of completing the Form 990. Due to various constraints , not the least being the unavailability of the former management and lack of documentation, not all accounts can be verified. The financial information prepared by the former management was not audited and the new management cannot guarantee that other misstatements may not have occurred.”

“Other expenses include a reimbursement for advertising expenses paid in a prior year (1,437), a reimbursement for office expenses paid in a prior year (2,926), travel expenses of 5,439, depreciation of equipment of 1,643 and bad debt expenses of 212,327.”

“Concordia Visiting Nurses purchased Cedars Home Health Care Services on August 15, 2014. The balance sheet was restated upon membership conversion. The total income and expenses for the fiscal year 7/1/2014 through 6/30/2015 is included in this return, but required an adjustment for net assets to match the balance sheet at 6/30/2015.”

“The liabilities remaining at the end of the fiscal year include 900 in accounts payable for prior phone services and 11,209 due to affiliates.”

“Cedars Home Health Care Services experienced a change in membership effective August 15, 2014. This change in membership resulted in amended and restated articles of incorporation and bylaws. There was no change to the name, which is why we have not attached these amended documents. The change was that the new member is Concordia Visiting Nurses.”