Saco Voanne Senior Housing Inc

“The Organization delegated management duties to Volunteers of America Northern New England, a related party by common control.”

“The directors shall, at all times, be limited to individuals who are either members of Volunteers of America Northern New England, Inc. or are nonmembers who have the approval of the board of directors of Volunteers of America Northern New England, Inc.”

“No amendments or changes to the Articles of Incorporation can take effect until approved by authority of the board of directors of Volunteers of America Northern New England, Inc. and of Volunteers of America, Inc. as well as the Secretary of Housing and Urban Development if the mortgage remains on the Organization's property. Bylaws must be consistent with the regulatory agreement between the Organization and the Secretary of Housing and Urban Development.”

“There is no review of the Form 990 by the Board of Directors. The CEO and CFO review the Form 990 which is signed by the CFO.”

“VOA Northern New England has a comprehensive conflict of interest policy in place that applies to officers, directors, trustees, and key employees. The policy requires these individuals to disclose any financial interests or relationships that could give rise to a conflict of interest annually. All potential or actual conflicts are reviewed and managed by the organization's governing board or a designated committee. Determinations of whether a conflict exists are made at the executive level, and individuals with a conflict are restricted from participating in discussions, deliberations, or voting on matters related to the transaction in question. In cases where a conflict is identified, the affected person is required to recuse themselves from all decision-making related to the matter. If a conflict is discovered after a transaction has occurred, the board or committee reviews the situation and determines the appropriate course of action to mitigate or resolve the issue. VOA Northern New England is committed to maintaining transparency and accountability by consistently monitoring compliance with the conflict of interest policy. Any updates or changes to the policy are communicated to all relevant individuals to ensure ongoing alignment with best practices.”

“All wages are paid by Volunteers of America Northern New England, a related organization. The Organization uses a National Office survey, Board of Director approval and various industry surveys.”

“All organizing and operating documents are available to the Public upon request.”

“Section 1.263(a)-3(n) Election: Saco VOANNE Senior Housing, Inc. 14 Maine Street #100 Brunswick, ME 04011 EIN: 27-3663183 Saco VOANNE Senior Housing, Inc. is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n).”