St Francis Villas Inc

“The sole corporate members of the organization are the community minister and four members of general council of the sisters of st. Francis of penance and charity of tiffin, ohio (sisters of st. Francis).”

“The organization's chair of the board is elected by the sisters of st. Francis.”

“The organization's annual budget and other major decisions require an approval from the community minister and sisters of st. Francis, sole members of st. Francis senior ministries, inc.”

“Each member of the board receives an electronic copy of the 990 for review. Any questions or concerns that arise from the review of the 990 from the board will be discussed and resolved appropriately.”

“Officers, directors, trustees and key employees are required to disclose interests that could give rise to conflicts of interest annually. The governing body addresses those conflicts as needed.”

“In determining compensation of the organization's officers, a comparision is done to salaries for comparable positions. Salaries are reviewed and approved by the members of sisters of st. Francis.”

“Governing documents, conflict of interest policy and financial statements are kept on site and made available for public viewing upon request.”

“On february 28, 2019 st. Francis villas inc (sv) executed an asset sale in which all fixed assets were sold to csji initiatives, inc (csji). Csji and sv entered into an operations transfer agreement on jan 1, 2019. For 2020 st. Francis villas function was to efficiently and effectively close out the organization. Ensuring all vendors were paid and liquidating the final checking balance to the sisters of st. Francis.”