Project Compassion Health

“On january 1, 2016, project compassion health was acquired by lutheran homes of michigan, inc. Through a member substitution whereby lutheran homes of michigan acquired project compassion health in return for assuming certain liabilities. As a result of the acquisition, the articles of incorporation were amended for project compassion health. The significant changes are as follows: article 3.1 - the organization is organized on a nonstock, membership basis. Article 5.2 - the sole member of the corporation shall be the lutheran homes of michigan, inc., which shall have the powers provided by law, the bylaws or these restated articles of incorporation, including, but not limited to, the exclusive power to: 5.2.1 - appoint or replace and to remove, with or without cause, officers or directors of the corporation; 5.2.2 - appoint directors to fill vacancies on the board of directors; 5.2.3 - amend or repeal the bylaws and adopt new bylaws; 5.2.4 - amend the articles of incorporation and adopt new articles; 5.2.5 - vote on all matters on which the vote of the sole member with voting rights is required under law, the bylaws or these articles of incorporation. Article vii - the articles of incorporation and the bylaws may be amended as follows: (a) by the affirmative vote of the sole member of the corporation, at a meeting of the member called for that purpose; or (b) by the written consent of the sole member as provided in section 5.1.”

“The sole member of the organization is lutheran homes of michigan, inc.”

“The organization's sole member, lutheran homes of michigan, inc., has the authority to appoint/elect individuals to the board of directors.”

“Prior to filing the form 990 return, electronic copies of the form 990 were sent to the members of the board of directors. The members' inputs and comments were solicited.”

“Conflict of interest forms are collected in the beginning of each new board year. The forms are reviewed by the ceo. If a conflict exists, the ceo reviews with the board chair and determines the appropriate action, which is typically to remove the individual from the position of conflict for the specific transaction/process.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request at the corporate office of wellspring lutheran services by contacting the chief financial officer.”

“A written document retention policy and document destruction policy is currently under development.”

“Project compassion health is also d/b/a livonia woods nursing and rehabilitation.”

“CONTRACTED THERAPY SERVICES: Program service expenses 828,534. Management and general expenses 0. Fundraising expenses 0. Total expenses 828,534. OTHER CONTRACTED SERVICES: Program service expenses 538,411. Management and general expenses 35,729. Fundraising expenses 0. Total expenses 574,140. LAB TESTS: Program service expenses 38,201. Management and general expenses 0. Fundraising expenses 0. Total expenses 38,201. OTHER: Program service expenses 123,583. Management and general expenses 17,000. Fundraising expenses 0. Total expenses 140,583.”

“Removal of beginning net assets due to business combination -947,873. Gain from net assets acquired at fair value as part of business combination 2,111,681. Change in value of interest rate swap -39,236. Temporarily restricted chapel fund assets 81,521.”

“There were no changes to the audit oversight procedures from the previous year.”