Covenant Living at Windsor Park

“Windsor park manor delegated control over management duties to covenant living communities and services, its parent organization.”

“The sole member is covenant living communities and services.”

“S 2.4 of bylaws include reserved powers to the [individual] members such as appointment of president of covenant living communities and services, changes to mission and strategic plan, approval of certain acquisitions, dispositions and financings, changes to articles and bylaws.”

“Management review: the draft form 990 was reviewed by multiple levels of management including the chief financial officer. Board review: prior to filing, the 990 process was reviewed with the board of directors at the board meeting and the final form 990 was provided to each board member.”

“Covenant living communities and services has an administrative policy on conflict of interest, identifying the parameters of a conflict of interest and the requirement to disclose any such conflict of interest. The covenant living policy is distributed annually to covenant living board members and officers. They are asked to sign acknowledging receipt of the policy and to disclose if they have any conflict of interests. If someone is absent from the meeting or fails to return the acknowledgment, there is a follow-up with the individual until the signed acknowledgment is provided. In addition to the above, a separate and more comprehensive questionnaire is sent to the board members, officers, key employees and other interested persons. The completed questionnaires are reviewed by covenant living's legal counsel to determine if any actual or potential conflicts exist. If a person becomes an interested person, he or she may be considered in determining whether a quorum is present. The interested person may make a short statement relating to the transaction or arrangement in question, but shall not be present during the discussion and shall not vote on the motion addressing the actual or potential conflict.”

“Covenant living communities and services' board of directors has duly appointed an executive compensation committee (the "committee"), which is responsible for the review and approval of all compensation and benefits provided to covenant living's executive management. The committee has adopted a written executive compensation philosophy statement and an executive compensation committee charter governing the work and review process of the committee. The committee follows the procedures described in the philosophy statement and the charter when it reviews and approves the compensation and employee benefits provided to the covenant living's senior management. The committee's review analyzes every element of compensation, including current and deferred compensation, and benefits, including qualified and non-qualified benefits. The committee conducts its review and approval process at least annually, and approves compensation and benefits only to the extent that the committee has concluded that the compensation and benefits constitute no more than reasonable compensation for each executive. The committee consists entirely of disinterested members of the board, and the committee works with an independent compensation consultant to prepare and review in advance comprehensive data showing the compensation provided by similarly situated organizations for functionally similar positions. The committee also prepares a timely and thorough written record of its deliberations and conclusions. As a result, the committee's review process is designed to satisfy the procedural criteria necessary to qualify for the rebuttable presumption of reasonableness under the federal income tax law intermediate sanctions rules. The resources utilized by the compensation committee include: 1) independent compensation consultant; 2) compensation survey or study; 3) approval by the board or compensation committee.”

“The governing documents, conflict of interest policy and financial statements are available upon request by contacting the covenant living communities and services finance department at 773-878-2294.”

“Contact info for directors & officers all of the organization's directors and officers can be contacted at this address: covenant living communities and services - 5700 old orchard road, skokie, il 60077.”

“As a ministry of the evangelical covenant church, covenant living communities and services celebrates god's gift of life in christian community. We follow the great commandment to love and serve god and one another as taught by jesus christ. That compels us to affirm the dignity of each person and to pursue excellence and financial integrity in all that we do. As we provide a broad range of resources, services and programs to enhance individual and community wellness, we collaborate with residents and families to achieve the best possible results. While seeking to foster independence, we respond to each individual's evolving needs in order to provide the security that assures peace of mind. In living out the mission, the community provides a complete continuum of care from residential living through skilled nursing. Such services are guided by a series of values and goals addressing resident needs, privacy, safety and dignity, including appropriate access to services. In carrying out the mission statement of covenant living, windsor park manor provided $187,105 free or discounted services to those residents unable to pay all or a portion of their charges, and who meet certain eligibility requirements.”

“Tax-exempt bonds the organization has tax-exempt bonds issued after december 31, 2002 with an outstanding principal of more than $100,000. The bonds are reported on schedule k of the parent organization.”

“Change in present value of irrevocable trusts -370,766.”