Plymouth Place Inc

“Plymouth place, inc. Has one corporate member, which is plymouth place holdings, inc., an illinois not-for-profit corproation.”

“Members of the board shall be appointed by the sole corporate member, plymouth place holdings, inc. For a one-year term of office by a resolution of the board of directors of the sole corporate member or a unanimous written consent signed by all of the members of the board of directors of the corporate member.”

“The following actions shall require the approval of the board of directors of the sole corporate member, plymouth place holdings, inc., through a resolution of the board of directors of the sole corporate member or a unanimous written consent signed by all of the members of the board of directors of the sole corporate member: 1. Adopt and amend statements of mission, philosophy or purpose; 2. Adopt, amend and repeal the articles of incorporation, the bylaws and any plan of merger, consolidation or dissolution; 3. The annual budget of plymouth place; 4. Any sale, lease or mortgage of plymouth place's real property, except as such actions relate to real property transferred from residents or donors, including without limitation, residential real estate; 5. Any sale, lease or mortgage of substantially all of plymouth place's personal property; 6. Any formal affiliation with another entity; 7. Any borrowing of money; 8. Any major change in programs and services, including any creation of major new programs or the discontinuation of major existing programs; or 9. The acceptance of any charitable contribution which imposes a material obligation.”

“A draft of the 990 is provided directly to the board of directors.”

“The board members review and update their annual disclosure of interests.”

“The board annually receives and reviews the compensation surveys of aahsa & leadingage illinois.”

“Documents are available upon request at the facility office.”

“The executive committee is charged with all duties and responsibilities of the board and is authorized and empowered to act on behalf of the board, between its regular or special meetings, except for buying, selling, mortgaging, encumbering, leasing, coveying, and trasferring of real estate that is owned or operated by plymouth place. The chair, or vice-chair, shall report all executive committee actions taken on behalf of the board, promptly and in full, at the next regularly, scheduled board of directors meeting. The chair shall have the authority to call a special meeting of the board if, in the chair's opinion, executive committee actions warant an immediate report to the full board.”

“Change in fair value of swap -277,818. Change in value of perpetual trust 634,870. Loss on disposal of assets -353,449. Change in future service obligation 4,031,178.”

“Plymouth place, inc.'s board of directors assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process has not changed from the prior year.”