Hubbard Hill Estates Inc

“At least two thirds of the Directors of the Corporation shall be selected from members of the Missionary Church, a related entity, and shall at all times be limited to individuals who have the prior approval of the Conference of the Missionary Church, North Central District, Inc.”

“The organization follows the written policies and procedures of the Missionary Church, a related entity, governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with their exempt purpose.”

“The Finance Committee is delegated the responsibility to review all audits and tax returns. After the review is done and approved, it is presented to the board of directors at the next meeting stating it was approved for filing.”

“The organization requires all officers and directors of the board as well as key employees and other interested persons to annually review the conflict-of-interest policy and to document in writing any potential conflicts. A detailed questionnaire is also completed by each board member. Executive and financial management review the questionnaires for any potential conflicts. If a conflict does exist, that person must notify the board and/or excuse himself or herself from the board meeting prior to discussion on the conflicting topic. That person will not be permitted to vote on any decisions regarding the conflicting issue.”

“The CEO's compensation is reviewed annually by the evaluation committee, which is made-up of individuals from the governing board. This committee compares current compensation to compensation data for similar continuing care retirement community (CCRC) institutions. The committee looks at similar size and revenue, national, regional and state data from multiple sources, and other trends to ensure that compensation is aligned with similar organizations. Once the evaluation committee conducts a performance review and considers comparable compensation data, a compensation package which includes base rate is submitted to the full board for approval and any bonus compensation is reviewed by the Finance Committee with final approval by the full board. This review process was last completed during fiscal year 2024 and was documented in the board meeting minutes. The COO's and CFO's compensation is determined by the CEO through an annual review process that encompasses compensation data for similar continuing care retirement community institutions. It considers comparable compensation data and also takes into consideration performance.”

“A copy of the governing documents, conflict of interest policy and financial statements are available upon request for the same period of disclosure as set forth in IRC Section 6104(d).”

“Dan Bridges, Chairperson, devoted approximately 40 hours per week during the year to North Central District Missionary Church, a related tax-exempt organization.”