Clark Retirement Community Inc.

“Jayne courts, board member, has a family relationship with craig courts, cfo of clark retirement community, inc.”

“A copy of the 990 is reviewed by the finance committee prior to filing the return. Once the finance committee approves the return, the board will receive a copy of the return for review before filing. The officers of the organization also review the 990 prior to filing. A copy of the 990 will be made available upon request.”

“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.”

“An annual review is conducted by the employers association along with hr generating comparisons to local, regional and national industry data. A copy of the review is provided to the board for approval. The most recent year this process was undertaken in was in fiscal year 2017.”

“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.”

“During fy 2017, clark retirement community, inc. Began the process of winding down the operations of disregarded entities, clark at home health services and clark at home personal services. On april 1, 2017, clark retirement community, inc. Invested in atrio home care, a joint venture arrangement with two other west michigan nonprofit senior care organizations, holland home and resthaven, to provide skilled and private duty homecare services. Effective november 1, 2016, the net assets of the rethinking dementia: accelerating change program were transferred to an unrelated third-party organization to carry on the mission of the program. It is now a separate 501(c)3 organization, effective december 7, 2016.”

“PROFESSIONAL SERVICES: Program service expenses 4,578,587. Management and general expenses 836,517. Fundraising expenses 0. Total expenses 5,415,104.”

“UNREALIZED GAIN ON INVESTMENT IN RELATED ORG -317,429. LOSS ON INTEREST RATE SWAP AGREEMENT 214,029. ADJUSTED UNREALIZED LOSS ON INVESTMENTS 68,041. transfer of net assets to rethinking dementia: accelerating change -59,421.”

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