Olf Senior Housing Inc

“The organization's officers and directors are comprised of members, ex officio, of executive management and/or the Board of Trustees of its affiliate, Associated Catholic Charities, Inc. (ACC). ACC's bylaws state that its Board of Trustees shall submit a list of nominees to the Archbishop of Baltimore to fill the positions of those trustees whose terms are expiring. Archbishop of Baltimore has the power to appoint trustees.”

“The 990 for the organization was reviewed by the Treasurer and his management team before it was filed.”

“The Board of Trustees Conflict of Interest Policy sets forth the procedures to be followed to ensure that conflicts of interest are properly identified, approved and/or reported in a timely and transparent manner for board members of Associated Catholic Charities, Inc. (ACC) and its affiliated organizations. These policies include written disclosures by each board member upon election to the board and annual certifications thereafter. Management reviews these disclosures and reports its findings to the executive committee of the board on an annual basis. Transactions involving a possible conflict of interest must be approved in advance by ACC's executive committee. In addition, all employees of ACC and its affiliated organizations are required to comply with its Code of Ethics and Business Conduct Policy which provides specific guidance on such matters. Employees are required to acknowledge compliance with this policy on an annual basis.”

“A compensation committee annually reviews the compensation of ACC's executive staff. Additionally, an independent firm is retained to evaluate the appropriateness of the compensation. Minutes of the compensation committee are recorded.”

“Documents available upon request.”

“In March 2020, the World Health Organization declared the novel coronavirus (COVID-19) a pandemic. There have been mandates from federal, state, and local authorities requiring temporary closure of various schools, businesses and other facilities and organizations. While there were no significant program closures or service disruptions during the year ended June 30, 2020, Catholic Charities did experience declines in service volumes in certain areas, as well as overall increased costs of operating in this pandemic. Since March 2020, Catholic Charities also experienced an overall increase in philanthropic activity and received supplemental funding from Federal and State agencies. While these impacts are expected to be temporary, the continued spread of COVID-19 and its impact on social interaction, travel, economies, and financial markets may adversely affect Catholic Charities' operations and financial condition.”