Ohio Living

“After management performs a detailed review of the draft 990, the organization delegates the review of the 990 to a board member with sufficient experience to evaluate the content contained therein. The member then reports his/her review findings to the board and finance committee. A draft of the form 990 is posted to the online board portal and each board member is granted access to review and comment. The final issued form 990 is also posted to the board portal prior to filing.”

“The board inquires about conflicts prior to each meeting. Annually a written disclosure is circulated. In order to continue serving, a member must complete the written disclosure. The corporate secretary is responsible for determining if a conflict of interest exists. If a conflict of interest arises or is discovered, the individual with the conflict must either resolve the conflict of interest or must not serve in the matter which gives rise to the conflict. Any members involved in a voting matter must excuse themselves by not voting on the matter.”

“The chief human resources officer of ohio living in conjunction with the ohio living executive compensation and evaluation committee (ecec) of the board oversee the compensation of the executive leadership personnel. The ecec is comprised of key board members who include the board chair from each subsidiary board, the board chair from the ohio living parent board, the finance, audit, ethics & compliance committee chair and the human resources committee chair. The ecec is governed by a charter and meets regularly. Resources used by the ecec include market surveys available through healthcare, long-term care, hospice and home health data collection clearinghouses, consultants such as aon hewitt and other available resources that are in compliance with anti-trust regulations. Decisions involving executive leadership pay are discussed and approved during executive sessions of the ohio living parent board meetings. This process is updated annually and reviewed throughout the year during quarterly meetings. The ceo, executive officers and key employees are paid from and receive w-2's from ohio living, and are subject to the above process.”

“Governing documents, conflict of interest policy, and financial statements are provided upon written request.”

“Ohio living is a common paymaster for the following related entities: ohio living communities, ohio living foundation, ohio living holdings, sarah moore health care center, inc. (aka ohio living sarah moore) and the friends home of the ohio valley yearly meeting of the religious society of friends, inc. (aka ohio living quaker heights).”

“Book entry to close out cumulative intercompany accounts to net assets -2,935,323. Change in restricted income -88,248.”