Brethren Retirement Community

“Brethren retirement community has one class of members which includes each congregation of the church of the brethren in southern ohio ("district"). The membership shall lapse if the congregation ceases to be a participant in the district. There are currently fifty-two (52) member churches.”

“There shall be ten trustees. Five shall be elected at annual meeting by the members for four-year terms. (two trustees shall be elected in 1996 and every four years thereafter). At the board meeting following the annual meeting, the other four shall be elected for four-year terms by the five trustees elected by the members. Trustees shall hold office for the period of their term or until the next annual meeting and until their successors shall been elected and qualified. The district executive of the southern ohio district of the church of the brethren shall be a non-voting member of the board of trustees.”

“The organization does not have any committees with authority to act on behalf of the governing body.”

“The form 990 is prepared by our accounting firm who then provides a copy of the form 990 to the ceo and cfo for their review. Prior to the filing the form 990 is sent to the board of directors.”

“Directors, officers, staff and selected individuals shall disclose any personal, organizational or financial interests that might constitute a conflict of interest when considered in conjunction with their relationship with brethren retirement community. All conflicts of interest shall be disclosed and potential conflicts avoided. Concerns go to the department director, vice president or president to be investigated.”

“15a: president/ceo has a contract with board of directors who performs his annual evaluation and approves his compensation. 15b: written evaluation done annually by supervisor - wage increase based on annual operating budget (any more requires vp or higher signature).”

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

“On december 31, 2024, mhco entered into a member substitution agreement ("agreement") with brc. As a result of the agreement, brc became the sole corporate member of mhco and its wholly-owned subsidiary.”

“Purchased nursing: program service expenses 1,642,734. Management and general expenses 98,669. Fundraising expenses 148. Total expenses 1,741,551. Contract therapy: program service expenses 352,782. Management and general expenses 0. Fundraising expenses 0. Total expenses 352,782. Housekeeping services: program service expenses 25,146. Management and general expenses 0. Fundraising expenses 0. Total expenses 25,146. Repairs and maintenance: program service expenses 139,546. Management and general expenses 0. Fundraising expenses 0. Total expenses 139,546. Other fees: program service expenses 49,312. Management and general expenses 0. Fundraising expenses 0. Total expenses 49,312. Home office purchased services: program service expenses 0. Management and general expenses 351,808. Fundraising expenses 0. Total expenses 351,808.”

“Change in value of perpetual trust 92,000. Change in value of interest rate swap 63,498.”