Riverside Senior Living Center

“The organization does not compensate its top management official or any other officers/key employees. All are compensated by riverside medical center, a related tax exempt organization. Form 990, part vi, lines 15a and 15b have been answered no, in accordance with the instructions to the form 990.”

“The sole corporate member of riverside senior living center is riverside health system, a related tax exempt organization.”

“As the sole corporate member, riverside health system has the authority to appoint or remove members of the governing body.”

“The power and authority of the member concerning the affairs of the corporation shall consist of those reserved powers as set forth in this section. The corporation may, at its option, initiate or make recommendations to the member with respect to any of the following matters: (a) elect and remove, with or without cause, the directors of the corporation; (b) elect and remove the president of the corporation; (c) adopt, amend, restate or repeal the articles of incorporation and bylaws of the corporation; (d) authorize the corporation to engage in, or enter into any transaction providing for the sale, lease, exchange or other disposition of assets of the corporation outside the riverside health system d/b/a riverside healthcare corporate structure in excess of five percent (5%) of its assets, as defined in the corporate bond indenture, in any twelve (12) month period; (e) adopt a plan of dissolution or liquidation of the corporation and distribution of its assets; (f) adopt a plan of merger, consolidation or corporate reorganization involving the corporation other than in the ordinary course of health care operations; (g) authorize any transaction which would result in a change in ownership or control of the corporation; (h) approve the appointment of an independent auditor or the adoption of accounting policies and investment guidelines; (i) adopt capital and operating budgets of the corporation; (j) adopt and execute a strategic plan of the corporation; (k) incur indebtedness in excess of the limits established by the member from time to time; (l) authorize the corporation to make loans in excess of the limits established by the member from time to time; (m) authorize any capital expenditures in excess of limits established by the member from time to time; (n) authorize any donation of assets of the corporation in excess of limits established by the member from time to time; (o) authorize the sale, transfer, encumbrance or otherwise dispose of any real property or interest therein or the purchase of any real estate; (p) organize or acquire, or authorize the organization or acquisition of any subsidiary or affiliate of the corporation ("affiliate" shall include any corporation, association, partnership, trust, joint venture, or other entity directly or indirectly controlling, controlled by, or under common control with the corporation); (q) approve any policy by the corporation or any action taken by the corporation as to initiation, defense, or settlement of legal or administrative actions in excess of such amounts as shall be established pursuant to corporate policy; (r) modify compensation and benefit policies, with the exception of those involving the president/chief executive officer, which are solely the responsibility of the member's executive committee.”

“The form 990 is reviewed in detail by the organization's management. Subsequent to this review, the form 990 is supplied to all board members prior to filing with the irs.”

“The conflict of interest questionnaires are mailed to all board members, officers and key employees (as applicable) annually. Each member must read and sign the form to disclose any potential conflicts for the year. If a conflict arises with a board member, the board member is made aware that they must abstain from voting on any issue related to the conflict. The process is monitored by the assistant to the ceo of riverside medical center.”

“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.”

“(Expenses $ including grants of $)(Revenue $ 325,451) COMMUNITY FEES AND ACTIVITY FEES”

“OTHER PROFESSIONAL SERVICES - Total Expense: 4286021, Program Service Expense: 3891346, Management and General Expenses: 394675, Fundraising Expenses: ;”

“Riverside senior living center is part of an obligated group that has been issued various tax exempt bonds since december 2002. The liabilities reported on the organization's balance sheet have been allocated specifically to this organization but the schedule k is filed by the sole corporate member, riverside medical center, a related tax exempt organization.”