Bensenville Home Society

“Prior to its submission, form 990 is reviewed and approved by the executive vice president/cfo of embrace living communities. It is then presented to the board of directors for their review and approval.”

“The organization has a written conflict of interest policy. To ensure compliance with this policy, the organization requires the following: on an annual basis, all members of the board of directors, the executive leadership team, members of senior management and employees with purchasing and/or hiring responsibilities or authority shall inform, in writing, the chairman of the board, the chair of the finance/audit committee, and the organization's executive leadership team of all reportable conflicts. Prior to the preparation of the disclosure statements, the finance department shall distribute a list of all vendors with whom the organization has transacted business at any time during the preceding year, along with a copy of the disclosure statement. The executive leadership team shall review all forms completed by employees, and the finance/audit committee chairman of the board shall review all completed forms and determine appropriate resolution in accordance with the next section of this policy. If a conflict arises during the year, the employee or board member will immediately notify the executive leadership team who will determine appropriate resolution. All real or apparent conflicts of interest shall be disclosed to the finance/audit committee chairman of the board and the executive leadership team of the organization. Conflicts shall be resolved as follows: the chair of the finance/audit committee shall be responsible for making all decisions concerning resolutions of conflicts involving the board of directors and the executive leadership team. The chairman of the board shall be responsible for making all decisions concerning resolutions of conflicts involving finance/audit committee members. The executive leadership team shall be responsible for making all decisions concerning resolutions of conflicts involving employees below the senior management level, subject to the approval of the finance/audit committee. An employee or director may appeal the decision that a conflict, or appearance of conflict, exists as follows: *an appeal must be directed to the chairman of the board. *appeals must be made within 30 days of the initial determination. *resolution of the appeal shall be made by vote of the full board of directors. *board members who are the subject of the appeal, or who have a conflict of interest with respect to the subject of the appeal, shall abstain from participating in, discussing, or voting on the resolution, unless their discussion is requested by the remaining members of the board. Failure to comply with the standards contained in this policy will result in disciplinary action that may include termination, referral for criminal prosecution, and reimbursement to the organization or to the government, for any loss or damage resulting from the violation. As with all matters involving disciplinary action, principles of fairness will apply. Any employee charged with a violation of this policy will be afforded an opportunity to explain her/his actions before disciplinary action is taken.”

“All employees are co-employed by a peo (professional employment organization), group management services, inc and embrace living communities. All forms, including w-2's and reports, are issued under the ein of group management services, inc 34-1707723. The reporting organization reimburses embrace living communities for all employee compensation expenses.”

“The governing documents and the financial statements of the organization are available to the public upon request. The governing documents and the financial statements of the organization also can be found on the internet in websites for not-for-profit organizations like www.guidestar.com.”

“Other professional services: program service expenses 0. Management and general expenses 235,136. Fundraising expenses 0. Total expenses 235,136.”

“Change in fair value of beneficial interest in perpetual trust 437,035. Equity transfers 13,496,798.”

“Change in net assets/fund balances: during the year there was a increase in the fair value of beneficial interest in perpetual trusts in the amount of $437,035 & equity transfers of 13,496,798.”

“Embrace living communities, a not-for-profit corporation, is the managing agent and does not receive a management fee. The managing agent is responsible for the day to day activities of the organization and provides all the necessary bookkeeping and accounting services and submits all the required financial reports. All decisions and reports are presented and discussed with the board of directors and approved by the board of directors.”