Quaker Heights Foundation Inc

“Ohio living quaker heights is the sole member of the foundation.”

“Ohio living quaker heights, the sole member, approves members of the governing body.”

“The board of directors of quaker heights foundation are the same people who are the board of directors of ohio living quaker heights and ohio living communities, the sole member of ohio living quaker heights. Thus the decision making is the same between those boards. The board of directors of ohio living communities are appointed and may be removed by the board of directors of ohio living, the parent entity, who also comprise some of the same people on the board of ohio living communities. It is possible that the board of directors of ohio living communities, ohio living quaker heights and/or the quaker heights foundation may adopt a decision that is not acceptable to the ohio living board of directors, but highly unlikely.”

“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.”

“In connection with any actual or possible conflict of interest, all interested persons (director, officer, etc.) must disclose the existence of any financial interest/conflict and be given the opportunity to disclose all material facts to the directors and members of committees with board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest/conflict and all material facts, and after any discussion with the interested person, he/she shall leave the board or committee meeting while the determination of a conflict of interest is discussed and voted upon by the remaining board members. In addition, each interested person shall annually sign a statement which affirms that such person has read, understands, and is in compliance with the policy.”

“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, and the finance, audit, ethics & compliance 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, independent consultants 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.”

“The organization's governing documents, conflict of interest policy and financials statements are available to the public upon request.”

“All w-2s and 1099s are issued from a related party, ohio living, a common paymaster.”

“Capital transfers -382,419. Book entry to close out cumulative intercompany accounts to net assets 97,030. Liquidation of investment funds from predecessor sponsor established investment holdings & transfer to ohio living foudnation investment holdings -1,576,771.”