Casa De Salud

“The President of Saint Louis University has the right to appoint two directors of the Organization. See Art.1, Sec.2 of the Organization's bylaws.”

“Any Director appointed by the President of Saint Louis University may only be removed by the President of Saint Louis University. See Art.1, Sec.2 of the Organization's bylaws. The President of Saint Louis University has the right to appoint the Chair of the Organization, Art.VII, Sec.1. The Chair may only be removed by the President of Saint Louis Unversity, Art.VII, Sec.2.”

“Before the Executive Director signs Form 8879-EO to allow for the electronic filing of Form 990, the Treasurer, the Board of Directors, and the Executive Director review the Form 990.”

“The Organization conducts regular and consistent reviews (at least annually). The reviews, at a minimum, include the following subjects: (a) whether compensation arrangements and benefits are reasonable, based on competent survey information, and the result of arm's-length bargaining; (b) whether partnerships, joint ventures and arrangements with management organizations conform to the Organization's written policies, are properly recorded, reflect reasonable investments or payments for goods and services, further charitable purposes and do not result in inurement, impermissible private benefit or in an excess benefit transaction; (c) whether the governing body and all committees with board delegated powers are properly implementing this conflict of interest policy; and (d) whether any improvements should be made to the conflict of interest policy.”

“The Board of Directors reviews and deliberates on the compensation of the executive director based on comparison to similar positions at other not-for-profit organizations. The Organization has no other officers or key employees who receive compensation. Therefore, this process is currently only relevant to the Executive Director.”

“These documents are available upon request.”

“The audited financial statements are prepared on a pure cash basis of accounting. From Note 2 of the financial statements: "Basis of Accounting Basis of accounting determines when transactions are recorded in the financial records and reported on the financial statements. Casa's policy is to prepare its financial statements on the cash basis of accounting. This basis of accounting recognizes assets, net assets, revenues, and expenses when they result from cash transactions. This basis is a basis of accounting other than accounting principles generally accepted in the United States of America. As a result of the use of this cash basis of accounting, certain assets (such as contributions, pledges and other receivables, and property and equipment), certain revenues (such as gifts in kind), certain liabilities (such as accounts payable, loans, and other debts) and certain expenses (such as expenses for goods or services received but not yet paid) are not recorded in these financial statements." During the fiscal year ending June 30, 2018, Casa de Salud entered into an agreement with St. Louis University ("SLU") to lease a building owned by SLU to house its new Mental Health Collaborative. Improvements of $983,000 were made to the building, which was funded by donor contributions and grants with the balance of the required funds provided by Casa via a promissory note from SLU. As of June 30, 2020, the outstanding principal of note was $169,004. No asset for the leasehold improvements and no liability for the note payable to SLU were recorded on the balance sheet as of June 30, 2020 in accrodance with Casa's basis of accounting. As no assets were recorded, no depreciation expense will be taken in the future and all expenditures related to the leasehold improvements were expensed as made.”

“The Organization conducts regular and consistent reviews (at least annually).”