St Catherine Rhf Housing Inc

“Management duties are fulfilled by management company which include, but not limited to financing arrangements, management, consulting and administrative services.”

“There shall be one corporate member, and that member shall be retirement housing foundation, its designee, or its successor in interest.”

“Directors shall be elected at the annual meeting of the member.”

“The bylaws may be altered, amended or repealed and new bylaws adopted by action approved by a majority of the directors in office at the time the amendment is adopted.”

“There are no committees with the authority to act on behalf of the governing body.”

“The management company thoroughly reviews the form 990 before providing a copy to the governing body and filing.”

“Upon joining the company and annually thereafter, all employees and board members are required to complete and sign a certification acknowledging their understanding and agreement to comply with the company's conflict of interest policy, including disclosing any activities that may appear or may be deemed violations of the policy. Board members and company officers have an additional and more comprehensive conflict of interest policy and certification requirement. Designated management personnel are responsible for tracking the distribution and return of all certifications and for accounting and reporting any disclosures to the company's compliance officer. If further review of any disclosure is merited, the compliance officer forwards the certification to the company's general counsel, ceo and/or board for final disposition. Individuals who have made disclosures are advised of final dispositions. An employee's failure to submit timely certifications, disclosures and/or to take the necessary required actions to avoid conflicts may be disciplined, up to and including termination. If the individual is a board member, he or she may be subject to removal from his or her position.”

“The organization does not compensate the ceo, executive director, top management official or other officers or key employees. A related organization compensates these individuals and the process includes an extensive review and approval by independent persons to determine compensation.”

“The organization makes the governing documents, conflict of interest policy, and financial statements available upon request.”

“The compensation listed on schedule j and elsewhere in this return is for services provided by and paid by retirement housing foundation, which is a related organization that sponsors and manages approximately 190 tax exempt organizations and partnerships that provide affordable and market-rate housing, skilled nursing, and assisted living services for senior adults, low income families, and persons with disabilities throughout the united states including the district of columbia, puerto rico, and the virgin islands.”

“The sole member, retirement housing foundation, allocated proceeds of the bond issuance to multiple entities, a portion was allocated to st. Catherine and is shown on the balance sheet at the remaining balance outstanding.”

“The management company assumes the responsibility for the oversight of the audit of its financial statements and the selection of the independent accountant. This process has not changed from the prior year.”