Chicagoland Methodist Senior Services

“The sole member and sole voting member of the corporation shall be united methodist homes & services, an illinois not-for-profit corporation.”

“The sole member and sole voting member of the corporation shall be the united homes & services, and illinois not-for-profit corporation. In addition to the rights accorded a voting member by illinois law, the sole member shall have the following rights and powers: (a) to elect or confirm the trustees of this corporation from among those persons nominated by the united methodist homes & services nominating committee. (b) to remove a trustee of this corporation at any time, with or without cause. (c) to appoint the chief executive officer of this corporation. (d) to approve any amendment to the corporate articles of incorporation and by-laws before the same becomes effective. (e) to approve each annual operating and capital budget and long-range plan of this corporation before expenditures may be made therefrom. (f) to approve all plans of merger, consolidation of voluntary dissolution of this corporation, (g) to approve the corporation's incurrence of debt, sale, lease, exchange, mortgage, pledge or other disposition of more than 10% or $50,000 in value (whichever is less) of property and assets of this corporation in any one year. (h) to approve the creation of controlled or owned subsidiaries or affiliates by this corporation. (i) to approve the appointment of an independent auditor, the adoption od accounting policies and investment guidelines (j) to approve the donation of corporate assets.”

“The federal form 990 is prepared by the organization's cpa firm and reviewed by the president & ceo. Prior to being e-filed with the internal revenue service, the complete form is reviewed by the board of directors.”

“All employees and members of the board of directors are required to annually complete a conflict of interest declaration as a method of disclosing and ethically resolving potential conflicts of interest. Real or perceived conflicts of interest are determined by either the executive director, or the board of directors, dependent upon the level at which the real or perceived conflict exists. Likewise, real or perceived interests are also reviewed at similar levels based on the same parameters. Persons that are under consideration for the real or perceived interest are precluded from participating in the discussions around the conflict.”

“The compensation committee, consisting of specific board of director members, established a compensation process which includes a review of all staff members of the organization who are at a certain level or higher. The review takes place on an annual basis, with the last one being completed in 2021. The process includes the ceo, and other officers and key employees of our organization.”

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

“Other services: program service expenses 2,231,492. Management and general expenses 268,473. Fundraising expenses 0. Total expenses 2,499,965.”

“Net assets transfer 1,590,991.”