Luther House

“Lec-concord reserve holding co., a non-profit limited liability company, is the sole member of luther house.”

“Lec-concord reserve holding co. Llc elects the board of trustees of luther house.”

“Lec-concord reserve holding co. Llc shall have the following exclusive powers: a) to adopt, amend and repeal the articles of incorporation or any amended or restated articles of incorporation of the corporation. B) to select which certified public accountants will audit the books and records of the corporation. C) to adopt, amend and repeal the mission statement of the corporation. D) to adopt, amend and repeal the regulations of the corporation. E) to approve any voluntary merger or consolidation of the corporation or the sale, assignment, pledging, mortgaging, leasing or transfer of all or substantially all of the corporation's assets or the transfer of majority control of the corporation. F) to determine and approve the assumption, refunding, advance refunding or defeasance of any major debt, to execute major debt documents and to take all other actions necessary to enforce the provisions of those documents on behalf of and with respect to luther house and to authorize persons to carry out such actions. G) to approve the financing or construction of any new facilities, improvements, building or grounds. H) to approve all capital and operating budgets of the corporation. I) to institute and approve system-wide policies and procedures for human resources and compliance. J) to appoint, evaluate and compensate all officers of the corporation who are employed by lec or any affiliated entity including the corporation. K) to initiate and oversee strategic planning for the corporation. L) any other rights or powers accorded by ohio law to the members of an ohio non-profit corporation and not conferred upon the board of trustees by ohio law or by the articles of incorporation or these regulations.”

“The finance committee of life enriching communities reviews the form 990 prior to filing, discussions concerning the form 990, questions and answers are documented contemporaneously in the minutes of the finance committee meeting. Additionally, a copy of the form 990 was made available to the luther house board of trustees prior to filing.”

“Officers and trustees are required to report any conflicts or potential conflicts of interest at least once a year. A questionnaire is completed, signed and dated by the person completing the questionnaire. The results are compiled into a single document and reviewed by senior management and are distributed to the person approving accounts payable and signing the checks. Conflicts of interest are monitored by senior management to ensure that those with conflicts do not vote on matters where they have a conflict of interest. As part of the onboarding process of new officers and trustees, any potential conflicts of interest are identified. Any other conflicts that arise during the year are communicated verbally, and if any are identified, this information is shared.”

“Lutheran home makes its governing documents, conflicts of interest policy and financial statements available upon written request. The consolidated organization's condensed financial statements are published in its annual report on its website. The annual report is distributed to friends, family members, business partners and contributors. Audited financial statements and quarterly bondholder financial disclosures are posted to electronic municipal market access (emma).”

“Tax exempt bonds were issued for the benefit of lec-concord reserve holding co. Llc, lutheran home, luther house, and concord reserve realty. As the parent organization, lec-concord reserve holding co. Llc, a disregarded entity of life enriching communities (lec), has completed schedule k (as part of the lec return) to reflect 100% of the bond's value as reported on 8038 for the obligated group. No schedule k was completed for lutheran home. The amount of tax-exempt bonds recorded on the balance sheet of lutheran home reflects the amount specifically allocated for its particular projects.”

“The process has not changed from prior year.”