Martins Run Home Partners

“Effective march 2015 martins run (controlling organization) became affiliated with wesley enhanced living. Upon affiliation the by-laws have been amended and re-written. The new by-laws have removed the requirement that at least one board member is the ceo of martins run. The new by-laws have changed the board terms from one year terms to three year terms which may be renewed for an unlimited number of terms. The new by-laws no longer specifically give powers to an executive committee, but instead states that committees may be designated by resolution of the board. The new officers specified by the new by-laws include a chair, secretary, and treasurer.”

“Martins run is the sole member of the corporation.”

“The directors of martins run home partners shall be elected by the member, martins run, at its annual meeting from candidates selected by the member to begin terms as of june of each calendar year.”

“The board needs the approval of the member, martins run, for the following matters: change the mission or purpose of the corporation; enter into any leases of any property within its ownership and control; sell or otherwise alienate any real property within its ownership and control; enter into any agreements to lease real property from a third party; or amend the corporation's articles of incorporation.”

“Management prepares the base information. Management sends the prepared information to a third party for review and submission. Once the third party completes the form, they meet with the board and staff to review final 990 form. Once the form is approved it is submitted.”

“A conflict of interest is defined as any payment made to a trustee or their place of work, including transactions involving any family members. All trustees of the organization are held accountable to comply with the policy. Period scans through the vendor list are performed to ensure no transactions are involving current trustees. Each individual is required to sign a conflict of interest policy and is subsequently reviewed by the chief executive officer and chief financial officer. Each director of the corporation stands in a fiduciary relationship with martins run home partners and is required to perform his or her duties in good faith, in the best interests of the corporation and with reasonable care. In order to preserve its tax exempt states under section 501(c) of the internal revenue code of 1986, as amended, the corporation must avoid conferring a private benefit on individuals, particularly "insiders" which includes directors or officers of the corporation. The board shall adopt a conflicts of interest policy. Any transaction or arrangement between an "insider and the corporation must be approved in accordance with the provisions of such policy.”

“The organization makes its form 990 available upon request.”

“Governing documents, conflict of interest policy, financial statements are available to the public upon request.”

“Write-off beginning net deficit 129,765. Write-off net earnings through march 2015 -14,279.”