Embrace Living Development

“Embrace living development (formerly known as lifelink charities) was incorporated as a not-for-profit corporation in the state of illinois in 1990. It was formed to provide housing for low-income elderly and handicapped persons as defined by the national housing act of 1959.”

“All employees are co-employed by a peo (professional employment organization), synergy peo llc and embrace living communities. All forms, including w-2's and reports, are issued under the ein of synergy peo llc 76-0721382. The reporting organization reimburses embrace living communities for all employee compensation expenses.”

“Prior to its submission, form 990 is reviewed and approved by the executive vice president/cfo of embrace living communities. It is then presented to the board of directors for their review and approval.”

“The organization has a written conflict of interest policy. To ensure compliance with this policy the organization requires the following: on an annual basis, all members of the board of directors, the executive leadership team, members of senior management, and employees with purchasing and/or hiring responsibilities or authority shall inform, in writing, the chairman of the board, the chair of the finance/audit committee, and the organization's executive leadership team of all reportable conflicts. Prior to the preparation of the disclosure statements, the finance department shall distribute a list of all vendors with whom the organization has transacted business at any time during the preceding year, along with a copy of the disclosure statement. The executive leadership team shall review all forms completed by employees, and the finance/audit committee chairman of the board shall review all completed forms and determine appropriate resolution in accordance with the next section of this policy. If a conflict arises during the year, the employee or board member will immediately notify the executive leadership team who will determine appropriate resolution. All real or apparent conflicts of interest shall be disclosed to the finance/audit committee chairman of the board and the executive leadership team of the organization. Conflicts shall be resolved as follows: the chair of the finance/audit committee shall be responsible for making all decisions concerning resolutions of conflicts involving the board of directors and the executive leadership team. The chairman of the board shall be responsible for making all decisions concerning resolutions of conflicts involving finance/audit committee members. The executive leadership team shall be responsible for making all decisions concerning resolutions of conflicts involving employees below the senior management level, subject to the approval of the finance/audit committee. An employee or director may appeal the decision that a conflict, or appearance of conflict, exists as follows: *an appeal must be directed to the chairman of the board. *appeals must be made within 30 days of the initial determination. *resolution of the appeal shall be made by vote of the full board of directors. *board members who are the subject of the appeal, or who have a conflict of interest with respect to the subject of the appeal, shall abstain from participating in, discussing, or voting on the resolution, unless their discussion is requested by the remaining members of the board. Failure to comply with the standards contained in this policy will result in disciplinary action that may include termination, referral for criminal prosecution, and reimbursement to the organization or to the government, for any loss or damage resulting from the violation. As with all matters involving disciplinary action, principles of fairness will apply. Any employee charged with a violation of this policy will be afforded an opportunity to explain her/his actions before disciplinary action is taken.”

“The governing documents and the financial statements of the organization are available to the public upon request. The governing documents and the financial statements of the organization also can be found on the internet in websites for not-for-profit organizations like www.guidestar.com.”

“During the year ended there was a transfer of equity in the amount of $1,264,964 from affiliated organizations.”

“Embrace living communities, a not-for-profit corporation, is the managing agent and receives management fees as a percentage of the gross rents, including rental subsidies and other income under terms of a mangagement agreement approved by hud. The managing agent is responsible for the day to day activities of the organization such as maintaining the building, resident support, hiring and supervising the employees. It also provides all the necessary bookkeeping and accounting services and submits all the required financial reports. All decisions and reports are presented and discussed with the board of directors and approved by the board of directors.”