Traditions at Chillicothe

“The sole member of the corporation shall, at all times, be national church residences.”

“Members or trustees shall have the approval of the board of trustees of national church residences.”

“National church residences is required to approve the selection of the board of trustees.”

“The 990 return is made available to the board prior to filing. An officer reviews the 990 return prior to signature.”

“Two conflict of interest policies exist for national church residences. One policy is for staff, and the second policy is for senior staff and board of directors. The staff policy is published in the employee information guide. The policy for officers and directors is reviewed annually by the board, and officers and directors review and sign the policy annually and are required to disclose any potential conflicts which are likewise reviewed by the board.”

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

“Following an established executive compensation policy, the human resource committee reviews and approves salaries of all officers and reports to the executive committee on their action. The committees base the salary decisions on survey data from comparable organizations, use of an independent compensation consultant and organizational and individual performance. This process was last completed in may 2017.”

“Transfers to Natioanl Church Residences $(1,525,000) Pension adjustments other than periodic cost $(558,413) ------------ Total: $(2,083,413)”

“National church residences, the parent has an audit committee which oversees the audit of the financial statements and is involved in selection of the independent accountant which completes the audit. This process has not changed from the prior year.”

“The related tax exempt organizations are all members of group exemption #5048.”

“The organization conducts business under the name: national church residences chillicothe.”