Bethel Area Housing South

“Prior to its submission, form 990 is reviewed and approved by the finance department. It is then presented to the president and 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.”

“All employees are co-employed by a peo (professional employment organization), group management services, inc. And embrace living communities. All forms, including w-2's and reports, are issued under the ein of group management services, inc. 34-1707723. The reporting organization reimburses embrace living communities for all employee compensation expenses.”

“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.”

“The organization elects not to take bonus depreciation for all qualifying assets placed in service during the tax year,”

“As defined by the national housing act of 1959. Our mission is to provide actively aging adults affordable welcoming homes in communitites that embrace living. Bethel area housing south, dba bethel greencastle south, was incorporated as a not-for-profit corporation in the state of illinois in 1990.it was formed to acquire land and construct buildings to house low-income elderly and handicapped persons as defined by the national housing act of 1959. Bethel greencastle is an 44-unit, government-subsidized housing community for seniors and physically challenged adults with limited resources. Located at 4040 north brighton avenue in kansas city, missouri, it opened in august of 1996. Applicants must be at least 62 years of age or 18 years of age and older with a medically documented physical condition that could benefit from special design features of an "accessible" apartment and must meet federal income guidelines. An applicant's income must be at or below the "very low" income standard established by the federal department of housing & urban development. Rent at this housing community does not exceed 30% of the resident's gross monthly income. Bethel greencastle south offers an on-site manager and social worker who have completed national certification programs. Building maintenance and housekeeping are also on-site. The housing community offers organized activities, laundry facilities, a community room, parking, and building security.”

“Officers of embrace living communities (the management agent) also serve as officers of the reporting organization. They are co-employed by a peo (professional employment organization), group management services, inc and embrace living communities. Their compensation is paid by embrace living communities from the management fees from the reporting corporation and all other affiliated corporations.”

“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 management 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. Regulation section 1.263(a)-1(f) - de minimis safe harbor election taxpayer name: bethel area housing south taxpayer address: 1900 spring road, suite 450, oak brook, il 60523 taxpayer id number: 36-3973915 year-end: 12/31/2024”