Mayflower Communities Inc

“Business relationships the following board members maintain a business relationship with each other due to common participation as officers or directors of various other related not-for-profit entities by which one or more of the individuals is compensated: susan carter david gobble bernie francis stan waterhouse(til 6/30/2017) joe anderson (from 7/1/2017)”

“Corporate member senior quality lifestyles corporation (sqlc) is the organization's sole member. Sqlc acts as a supporting organization, providing oversight, direction, and governance support, and will make grants and/or provide other forms of financial assistance as needed. Sqlc, as the sole member, has authority to elect board members of the organization. Sqlc, as the sole member of the organization, has all of the typical rights afforded to a member of a texas nonprofit corporation, such as the right to approve any amendments to the articles of incorporation or bylaws, and the right to approve any proposed dissolution of the organization.”

“See part vi, section a, line 6 for explanation”

“See part vi, section a, line 6 for explanation”

“Documentation of committee meeting line 8b is answered no because there are no committees in place with authority to act on behalf of the governing body at this time.”

“Form 990 review process the board members of mayflower communities, inc. And senior quality lifestyles corporation review the form 990 upon completion. The board review and approval of the form 990 is completed prior to filing.”

“Conflict of interest policy enforcement and monitoring annually the conflict of interest policy is reviewed during a board meeting, in addition to having the necessary individuals sign the disclosure statement on an annual basis. It is the expectation that management staff (community and corporate) in addition to the management company will bring any questionable activity to the attention of the board or an officer.”

“Compensation review during 2017 the ceo of senior quality lifestyles corporation, along with the management company, greystone, and aureon hr, inc., an independent payroll processor, set the salary for the executive director. Both greystone and aureon hr provide comparative salary data. The executive director, greystone regionals, and aureon hr set other top management rates based on market wages and years of experience.”

“Documents available upon request governing documents and the conflict of interest policy are available to the public upon request. The financial statements are posted to nationally recognized electronic municipal market access (emma) and are also available upon request.”

“Management company greystone management is an unrelated business organization engaged by the board of directors of mayflower communities, inc. To provide management services during 2017. Management duties include hiring and recruiting qualified personnel, preparing annual operating budget for submission to the board of directors, and assisting in the preparation of monthly and annual financial reporting disclosures. The board of directors have final authority over the approval of the annual operating budget, approval of monthly and annual financial reporting disclosures, and oversight of the management company.”

“Top management and financial official the executive director is the top management official and top financial official. Per the form instructions, the top management and financial officials are deemed to be officers.”

“Gross receipts per the irs form instructions, the amount reported in box g for gross receipts includes security sales proceeds of $24,617,833 as reported on form 990, part viii, line 7a.”

“Committee's oversight and selection process the organization has a committee that assumes responsibility of the oversight of the audit and selection of an independent accountant. There was no change to the process during the year.”