Richfield Senior Housing Inc Co Tcch Inc

“The Chief Executive Officer, Vice President of Finance, and Chief Operations Officer are employed by Avinity Services Company, a related tax exempt organization. John Kantke, John Bergeson, Nils Friberg, and Fred Lund are also board members of Avinity Services Company. Therefore, a business relationship exists between these individuals.”

“Avinity Services Company provides business management services and other support functions, including personnel, property, and financial management. The Chief Executive Officer, Vice President of Finance, and Chief Operations Officer are employed and compensated by Avinity Services Company. Refer to Part VII for compensation paid by the related organization.”

“The members of the Board of Directors of Avinity, Inc. are the only members of this organization.”

“Three directors shall be appointed by the members of the organization. The other two directors shall be appointed by the Minnesota Iowa Baptist Conference.”

“The Organization does not have any committees with the authority to act on behalf of the governing body.”

“Prior to the Form 990 being filed, it will be provided to the Board of Directors for their review. It will also be reviewed by the Executive Director/COO.”

“The conflict of interest policy requires that all board members, officers, other volunteers and employees must fully disclose all areas of interest where potential conflict(s) may exist and that this disclosure should take place prior to any transactions being consummated. Transactions with parties with whom a conflicting interest does exist, may be undertaken only if all of the following are observed: 1. The person with the conflict of interest is excluded from the discussion and approval of such transaction; 2. A competitive bid or comparable valuation exists; and 3. The board, Chief Executive Officer or Vice President of Finance has determined that the transaction is in the best interest of the organization. To help ensure compliance with this policy, all board members and all employees are required to complete a conflict of interest disclosure statement, which are reviewed by the Chief Executive Officer or Vice President of Finance for indication of any potential conflicts of interest. If any material conflicts of interest are determined to exist, they are dealt with on a case by case basis and are brought to the Board of Director's attention, as appropriate.”

“Compensation for the Chief Executive Officer and all other officers and key employees are determined by a related organization that has policies in place for determining compensation.”

“The financial statements are available on the Municipal Securities Ruling Board EMMA web site. The governing documents and conflict of interest policy may be made available on a case by case basis if requested.”

“Equity transfer to/from affiliates -189,183.”

“The Board of Directors of Avinity, Inc. assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant.”