Active Retirement Community Inc.

“The bylaws were amended for the following language: section ii: the "member" of mather health systems, inc. Has the right to appoint three members of the board ("member appointees). At any time the member has the right to remove appointees, with or without cause, and the member has the right to appoint another qualifying individual. Unless otherwise provided by law, the bylaws may be amended, repealed or amended by majority vote of the entire board; provided, however, that the vote of two-thirds (2/3) of the entire board and the consent of the member shall be required to amend the bylaws to increase or decrease the number of board members outside of the minimum or maximum range of board members set forth in article iv, section 2(a) and provided further that the consent of the member shall be required for any amendment that reduces the member's rights and privileges hereunder. Technical corrections to the bylaws, such as to fix typographical, spelling, punctuation, cross-reference, and similar errors can be made by the chairperson of the board at any time without the requirement that the corrections be approved by the board.”

“Mather health system inc. Is the member of the corporation. The member approves the election and removal of members of the board of directors, the amendment of the purposes, certificate of incorporation or bylaws of the corporation, the sale, assignment or disposal of all or substantially all of the assets of the corporation, the formation or purchase of a related entity or corporation.”

“As sole member of the corporation, mather health system, inc. Approves the election and removal of members of the board of directors.”

“As sole member of the corporation, mather health system, inc. Approves the amendment of the purposes, certificate of incorporation or bylaws of the corporation; the sale, assignment or disposal of all or substantially all of the assets of the corporation; and the formation or purchase of a related entity or corporation.”

“A final copy of the form 990 and all required schedules are presented to the board of directors prior to its filing with the irs.”

“Conflict of interest policy statement- officers, directors and key employees of the organization will, at least annually, file a conflict of interest disclosure statement/questionnaire with the compliance officer. Personnel shall disclose all situations that pose a potential or actual conflict of interest. Personnel have an affirmative obligation to update their annual disclosure statement/questionnaire whenever new information arises which is otherwise required to be disclosed in the annual disclosure statement/questionnaire by completing a new disclosure statement/questionnaire and providing it to the compliance officer. The compliance officer will review disclosure statements/questionnaires in light of the principles set forth in the conflict of interest policy, consult with outside counsel as necessary, seek additional information as necessary, and determine if the information disclosed creates a conflict of interest, is improper, or creates the appearance of a conflict of interest or of improper conduct. The compliance committee will review the compliance officer's reports annually and on a periodic basis, and conduct its own review, as necessary, to determine whether a potential or actual conflict of interest exists. If the committee determines that it needs to conduct a further review, the chairman of the compliance committee may appoint an ad hoc committee comprised of board members and the compliance officer to review a particular matter and make a recommendation to the compliance committee. The compliance officer and outside counsel shall assist the compliance committee, which shall report its recommendation and findings to the entire board of directors. The board of directors shall review the recommendation and findings of the compliance committee and make its findings which shall be final and binding.”

“The organization periodically engages with an outside consultant to prepare a compensation review of management, including the ceo, cfo and the health center administrator. In addition, the organization regularly reviews salary and benefit surveys prepared by industry associations and evaluates compensation structures for local similar organizations for all key employees. A compensation committee reviews and approves the compensation and the decisions are documented in the committee minutes.”

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

“Change in interest in net assets of foundation 49,309.”