Otsego Senior Apartments

“Management is delegated to medallion management”

“Otsego senior housing was established on a membership, non-stock basis, and the sole member is the roman catholic bishop of the diocese of kalamazoo (the "member").”

“The board of directors, serving without compensation, is the governing body of the organization, and is appointed or approved by, and may be removed by the member. Board members recruit prospective board members. A written list of candidates for the board is prepared by the board and is furnished to the member. After approval and appointment by the member, the list of candidates is submitted to the directors and an election is held as detailed in the bylaws.”

“The member has the power to review and ratify or veto all decisions of the board and the officers, including any policy or program adopted by the board. The organization forwards to the member, as soon as possible after any meeting of the board, the minutes of the meeting. The organization also provides to the member such other minutes or reports as he may request from time to time. An annual financial report, certified by independent auditors, is forwarded to the member within 150 days after the end of the organization's year.”

“The completed form 990 and schedules are submitted to the board of directors for review and comments. After all questions and comments are addressed with the board, the form 990 is signed by the authorized agent and is then filed.”

“The process of monitoring conflict of interest transactions includes procedures that require specific disclosures to be made as follows: 1) all board members and the executive director should complete the statement of disclosure at the first meeting of each year. A disclosure reminder statement is printed on the bottom of each board agenda. 2) all staff members engaging in private practice need to disclose this activity and gain approval of the executive director as per agency policy and procedures. 3) the executive director must disclose intent to engage in outside employment and gain approval from the board to do so. 4) any area covered by the conflict of interest policy must be followed. In order to maintain high standards of ethical conduct, board members, personnel (employees and volunteers) and/or consultants are required to disclose situations that might be perceived to be conflict of interest or a circumstance of unfair gain. Conflicts of interest should be discussed as soon as they are discerned or anticipated, regardless of where the conflict may be. These can be resolved through counsel and/or, if there is a disagreement, through involvement of a higher authority within the agency. Board members are required to abstain from voting on issues when a conflict of interest exists.”

“Form 990 available for public inspection upon request.”

“Line 2a: employees are contracted from medallion management and forms w-2 are issued by the contracted management company. Associated expenses are reported on lines 7, 9, and 10 of the statement of functional expenses.”