Clark Retirement Community Inc

“Bhi retirement communities, inc. Is the sole member of the corporation.”

“Bhi retirement communities, inc., the sole member, has the ability to appoint board members.”

“Governance decisions of the organization are reserved to bhi retirement communities, inc., the sole member.”

“Review of the organization's form 990 prior to the filing of the return is made by an officer of the managing agent of the organization. The form 990 is also reviewed by the board of directors and an independent accounting firm prior to filing.”

“On an annual basis, the board is required to complete a conflict of interest document. These documents are reviewed annually to ensure compliance. When a conflict of interest is identified, the individual with the conflict of interest with clark retirement community cannot influence in any way and must abstain from voting on any outcome related to the conflict of interest.”

“The ceo, cfo and other top management officials' compensation is determined and paid by the parent organization, bhi retirement communities. The personnel committee recommends salaries of the ceo, cfo, and top management officials to the board of directors for approval. The committee reviews salaries in the context of similar not-for-profit organizations, performance and job descriptions. This process was last conducted november of 2024.”

“Governing documents, conflict of interest policy and financial statements are available to the public upon request. Additionally, portions of the financial statements are included in the annual disclosure statement.”

“Laundry services: program service expenses 154,573. Management and general expenses 0. Fundraising expenses 0. Total expenses 154,573. Administrative contracted services: program service expenses 226,904. Management and general expenses 31,705. Fundraising expenses 0. Total expenses 258,609. Nursing services: program service expenses 85,829. Management and general expenses 0. Fundraising expenses 0. Total expenses 85,829. Food services: program service expenses 5,311,017. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,311,017. Maintenance services: program service expenses 1,026,928. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,026,928.”

“Transfer from affiliate 1,775,000.”

“There has been no change in process from the prior year.”