Hithergreen Senior Center

“The hithergreen membership elected the governing body at the annual meeting.”

“The hithergreen membership elected the governing body at the annual meeting.”

“Revisions to the by-laws required membership approval.”

“The treasurer, don kelley, reviewed a draft of the form 990 and then presented the draft to the remainder of the board at a board meeting prior to filing.”

“The policy was reviewed annually by the board of trustees and each board member and staff member signed a copy of the policy.”

“Hithergreen senior center made its governing documents, conflict of interest policy, and financial statements available to the public via its website.”

“In january, 2014, washington township notified the organization that it must relocate to a different location. Therefore, effective march 28, 2014, the organization's board of directors has voted to merge its operations into washington township, ohio and to liquidate the current not-for-profit corporation. Following the merger, the organization will donate all remaining assets, including cash, to washington township. Washington township is remodeling space at rec west to include room for a new senior center as part of the recreation center. The washington township recreation center is funded by a tax levy which will also cover the new senior center. The board of directors will use current investments and funds available for liquidation to pay the cost associated with liquidation.”

“Reduction in property and equipment to liquidation value 349,383.”

“In january, 2014, washington township notified the organization that it must relocate to a different location. Therefore, effective march 28, 2014, the organization's board of directors has voted to merge its operations into washington township, ohio and to liquidate the current not-for-profit corporation. Following the merger, the organization will donate all remaining assets, including cash, to washington township. Washington township is remodeling space at rec west to include room for a new senior center as part of the recreation center. The washington township recreation center is funded by a tax levy which will also cover the new senior center. The board of directors will use current investments and funds available for liquidation to pay the cost associated with liquidation. Due to the pending liquidation, the organization has revaluated its assets and liabilities to the amounts expected to be collected and paid during the liquidation. The effect of the revaluation is included in the statement of activities, as liquidation adjustments. It is not presently determinable whether the amounts realizable from the disposition of the remaining assets or the amounts that creditors will agree to accept in settlement of the obligations due them will differ materially from the amounts shown in the accompanying financial statements. Differences between the revaluation amount and actual cash transactions will be recognized in the period they can be estimated. Liquidation adjustments included recorded anticipated revenues prior to liquidation of $266,217, anticipated expenses prior to liquidation of $615,596 and reducing the value of property and equipment to $-0-, as the majority will be donated to washington township for use in the new senior center.”

“Hithergreen senior center had an audit committee that was charged with oversight of the independent audit. This process is consistent with the prior year.”