Active Retirement Community Inc.

“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.”

“Other fees related to consultants and outside contracts: program service expenses 4,488,132. Management and general expenses 236,461. Fundraising expenses 0. Total expenses 4,724,593.”

“Change in interest in net assets of foundation -268,107.”