Bhi Foundation Inc

“Bhi senior living is the member of the filing organization.”

“Bhi senior living has the right to approve/remove board members.”

“Bhi senior living has the right to approval or rejection of certain governance decisions such as approval of the governing body's election or removal of members of the governing board.”

“The cfo and ceo of bhi senior living, inc. Will review the 990 prior to filing. A draft copy of the 990 will be made available to all directors to review prior to filing. The form 990 will also be reviewed by an independent accounting firm prior to filing.”

“All bhi representatives are required to immediately disclose any potential or perceived conflict of interest at the time it develops by submitting a completed conflict of interest statement form. The statement shall be forwarded to the corporate compliance officer for review by the corporate compliance, internal audit, and risk management committee of the bhi board of directors. In addition, board of directors, officers, executive directors, and other designated persons are required to complete the conflict of interest statement to disclose or re-disclose any conflict of interest on an annual basis. In addition, the board of director members shall review and submit a signed code of professional ethics statement on an annual basis. The statements will be reviewed by the corporate compliance committee and will result in one of the following actions; the disclosed conflict shall be approved as submitted. The disclosed conflict shall not be approved as submitted and specific requirements shall be developed by the corporate compliance committee regarding actions to be taken by the individual to resolve the conflict. The disclosed conflict shall be approved with the requirement of specified procedures to be implemented and thereafter monitored by the corporate compliance committee to ensure proper management of the identified conflict.”

“The ceo, cfo and other top management officials' compensation is determined and paid by the parent organization, bhi retirement communities. The personnel committee recommends salaries of the ceo, cfo, and top management officials to the board of directors for approval. The committee reviews salaries in the context of similar not-for-profit organizations, performance and job descriptions. This process was last conducted november of 2024.”

“The form 990 is available upon request at the main office, 8330 allison pointe trail, ste 300, indianapolis, in 46250. The other governing documents have not generally been available to the public.”

“Salary reimbursement: all salaries and wages were paid this year by bhi retirement communities, inc. And bhi senior living, inc. However, the amount on line 7 represents the amount of salary reimbursed by bhi foundation, inc.”

“Change in beneficial interest -767.”

“This process has not changed from the prior year.”