Sunset Retirement Communities Inc.

“The executive committee is authorized to act for the board of directors between regular and/or called sessions of the board. The executive committee has authority to make all decisions without having to wait and bring the action to the full board.”

“The sole member of the corporation is otterbein lsc, llc.”

“Members of the board of directors shall be elected by the member of the corporation upon nomination by the corporation's board of directors.”

“The following corporate powers and actions may only be taken with the approval of the member after giving consideration to the concerns of the board of directors: 1. The determination and adoption of the corporation's annual operating and capital budgets. 2. The expenditures for non-budgeted items in excess of $500,000. 3. Determining corporation administrative and operating staff compensation and benefits. 4. Determining all building programs and the making of certificate and need applications. 5. Determining to add or terminate any services. 6. The appointment of auditors and legal counsel. 7. Employing, evaluating, disciplining or discharging the president and/or treasurer of the corporation. 8. The adoption of long-range plans and management objectives, including the execution of any agreement with consortiums, alliances, or other organizations. 9. Taking membership in or joining any organization. 10. The sale, lease, mortgaging, encumbering or other disposition of any real property; and the sale, mortgage, encumbering or lease of any personal property of a value in excess of $50,000. 11. The management and administration of all legal matters involving the corporation. 12. The management and administration of all insurance for the corporation. 13. The establishment of uniform employment practices and policies. 14. The development and implementation of marketing, public relations, and fundraising efforts on behalf of the corporation without prior notification to and approval from an officer of the member unless approved in the annual budget. 15. The assumption or issuance of any long-term or short-term debt in excess of any amount determined from time to time by the member. 16. The approval of any voluntary merger or consolidation of the corporation or the sale, assignment, mortgaging, encumbering, pledging, leasing or transfer of all or substantially all of the assets or the corporation or the transfer of control of the corporation. Notwithstanding the foregoing, the approval or censent of the member shall not be required for any of the actions described in article iv, sections 4 or 5 above if such action is funded exclusively for the corporation's donor restricted funds or board restricted funds and does not exceed $5,000,000.”

“The form 990 is provided to and reviewed by the chief finanancial officer before it is filed. It is also provided to the entire board before filing.”

“The organization requires annual disclosures of any conflicts of interest. The organization also encourages voluntary abstinence from voting on matters involving conflicts of interest.”

“The independent executive committee of the otterbein homes board of trustees has the responsibility for determining the annual compensation for the officers by the use of industry specific data such as salary surveys from leading age and leading age ohio. The salaries of the key employees are determined by the officers using industry comparative data such as salary surveys from leading age and leading age ohio. The deliberations and decisions regarding compensation are documented. This process was last performed in 2023.”

“The organization's governing documents, conflict of interest policy, and financial statements are available upon request.”

“The parent company, otterbein homes, (fein 31-0549058) processes accounts payable payments for all related entities. As a result, the organization is unable to determine the number of 1099s nor independent contractors paid over $100k for services by entity. As a result, all 1099s and independent contractors paid over $100k are issued and reported out of the parent company.”

“Nurse agency fees/contracted services: program service expenses 3,248,265. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,248,265. Other services: program service expenses 531,530. Management and general expenses 14,765. Fundraising expenses 0. Total expenses 546,295.”

“The oversight and selection process of an independent accountant has not changed from the prior year.”

“The parent company, otterbein homes, has allocated a portion of the tax exempt bonds that were issued to the parent company. The details of the tax exempt bonds issued to otterbein homes are contained on the schedule k that is filed with the form 990 for the parent company (fein 31-0549058). There is no schedule k for this tax return. This treatment is consistent with prior years.”