Montgomery Place

“The executive director conducts annual performance reviews of the organization's other officers (administrator & finance director ). The board then determines compensation for these officers based in part upon the review performed by the executive director as well as comparability data. The determination and approval of the compensation is determined by the executive committee of the organization, independent of the board of directors. In determining the officer's compensation package, the executive director used ahsa. These tables were used as reference points to the salaries of the senior management and raises were calculated based on these factors. The information was presented to the executive committee of the board of directors at the january board meeting with the direction that the senior management will forgo any compensation adjustment to be consistent with actions taken with the staff of montgomery place. The decision to forgo compensation adjustments was presented to the board during the budget presentation.”

“In determining the executive director's compensation package, the executive committee used an ahsa survey . These tables were used as reference points to the salaries of the senior management and raises were calculated based on these factors. The information was presented to the executive committee of the board of directors at the january board meeting with the direction that the ceo will forgo any compensation adjustment to be consistent with actions taken with the staff of montgomery place.”

“The board shall have the right to create an executive committee comprised of board members subject to the following: a. The executive committee would be charged with all duties and responsibilities of the board and would be authorized and empowered to act on behalf of the board between its regular or special meetings. The executive committee, however, would not be permitted to adopt a plan for distribution of corporation assets or for dissolution; approve or recommend to the board of directors any act requiring approval by the board of directors pursuant to the illinois general not for profit corporation act of 1986, as may be amended from time to time; fill vacancies on the board; adopt a plan of merger or consolidation; authorize the sale, lease, exchange, or mortgage of all or substantially of the property or assets of the corporation; alter, amend, restate or repeal the by-laws; or borrow funds on behalf of the corporation; and b. Any action of the executive committee herein authorized would be required to be reported to the board at its next meeting. The committee would meet upon call of its chairperson or a majority of its members.”

“The full Form 990, including all applicable schedules, is reviewed by the organization's management and members of the finance committee of the Montgomery place board of directors. Subsequent to this review, a copy of the final form 990 is distributed to each member of the organization's board of directors prior to filing with the IRS.”

“The organization's conflict of interest policy covers all officers, directors, trustees and key employees (interested persons). The board annually reviews the policy on conflicts of interests and asks all interested persons to disclose any conflicts that might exist. If it is determined that an interested person has a conflict of interest with the organization, the interested person will be asked to excuse themselves from the discussions and decisions that are made in regards to the transaction where a conflict exists.”

“Financial statements, governing documents, and conflict of interest policies are not required disclosures pursuant to Internal Revenue Code (IRC) Section 6104. These documents are not available to the public at this time.”

“activities and services rrelated to residents - Total Revenue: 46729, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 46729;”

“(Expenses $ 1,008,906 including grants of $)(Revenue $ 1,090,649) THE ASSISTED LIVING PROGRAM PROVIDES THE OPPORTUNITY FOR RESIDENTS TO LIVE LIFE AS INDEPENDENTLY AS POSSIBLE, ON THEIR OWN TERMS, IN THEIR OWN PRIVATE APARTMENTS. RESIDENTS SET THEIR OWN SCHEDULES AND ENJOY THEIR OWN LIFESTYLE WITH THE CONFIDENCE THAT COMES FROM KNOWING HELP IS THERE IF EVER NEEDED.”