Saint Joseph'S Tower Inc

“The sole member of saint joseph's tower is trinity continuing care services-indiana, inc. See line 7 for additional information.”

“Trinity continuing care services-indiana is the sole member of saint joseph's tower. Trinity continuing care services-indiana has the right to appoint all persons to the board of trustees of saint joseph's tower.”

“As sole member, trinity continuing care services-indiana must approve certain decisions of the governing body, including the strategic plan, annual capital plan, and annual operating budget. Trinity continuing care services-indiana must also approve significant changes such as a merger, dissolution, sale of assets in excess of certain limits, and modifications to governing documents.”

“Prior to filing, the form 990 for saint joseph's tower is reviewed by management. Each member of the board receives a copy of the return in its final form before it is filed with the internal revenue service.”

“Saint joseph's tower has adopted trinity health's governance policy no. 1, which sets forth the organization's conflict of interest policy and processes. It applies to all "interested persons" of saint joseph's tower, which includes trustees, principal officers, key employees, and members of committees with board-delegated powers. Interested persons are expected to discharge their duties in a manner the person reasonably believes to be in the best interests of saint joseph's tower and to avoid situations involving a conflict of interest. On an annual basis, interested persons are required to complete a conflict of interest disclosure statement and to affirm their receipt of the conflict of interest policy, compliance with its requirements, and agree to notify the organization of changes impacting their annual disclosure in accordance with the policy. The annual disclosures are provided to internal legal counsel and the integrity and compliance officer, from which legal counsel prepares a report for the board chair and ceo. A summary of potential conflicts is reviewed with the board of trustees of saint joseph's tower (or a delegated committee of the board) on a yearly basis. Interested persons are required to make full disclosure to saint joseph's tower of any financial or business interests that might result in or have the appearance of a conflict of interest. The board of trustees of saint joseph's tower (or a delegated committee of the board) is responsible for the review of transactions to determine whether an actual conflict of interest exists. In the event of an actual conflict, the board (or a delegated committee of the board) will either avoid the conflict or appropriately scrutinize the transaction to ensure it is in the best interests of saint joseph's tower. Interested persons are required to recuse themselves from discussion and voting on matters involving a conflict of interest. The policy further addresses the proper documentation of the proceedings and potential disciplinary and corrective action for violations of the policy. The policy is available to the public upon request.”

“Questions 15a and 15b are answered "no" because the compensation for certain officers and key management officials of saint joseph's tower is established by trinity health, a related organization. In establishing ceo and cfo compensation, trinity health follows a process and policy that is intended to mirror the irc section 4958 guidelines for obtaining a "rebuttable presumption of reasonableness" with regard to compensation and benefits. As part of that process, the compensation and benefits of the ceo and cfo of saint joseph's tower are reviewed at least annually by the trinity health board or the trinity health human resources and compensation committee (hrcc) of the board, authorized to act on behalf of the board with respect to certain compensation matters. As part of its review process, the hrcc retains an independent firm experienced in compensation and benefit matters for not-for-profit healthcare organizations to advise it in the determinations it makes on the reasonableness of proposed compensation and benefits arrangements.”

“Saint joseph's tower is a subsidiary organization in the trinity health system. Trinity health makes certain of its key documents available to the public on its website, www.trinity-health.org, in the "about us" section. In this section, the consolidated audited financial statements are publicly available. Saint joseph's tower's governing documents and conflict of interest policy are available upon request.”

“The board of trustees and key employees reported in part vii, sec. A, manage and govern saint joseph's tower. In addition to the board of trustees appointed by the corporate member, 9 individuals serve as an advisory group. The advisory group meets four times a year and appoints its own members. The advisory group submits recommendations to the board of trustees. The chair of the advisory group is designated the official representative for all matters concerning saint joseph's tower. For which the consent or approval of the united states department of housing and urban development (hud) is required.”

“The officers and board of trustees of saint joseph's tower have oversight of the financial statements audit. The treasurer of saint joseph's tower is the chief financial officer of the corporate member. Appointment of the auditor, an independent public accounting firm, is the responsibility of the corporate member. Saint joseph's tower's financial statements were also included in the fy16 consolidated financial statements of trinity health, which were audited by an independent public accounting firm.”