Unknown Organization

“The Organization signed a management agreement with Lutheran Social Services of Michigan to provide services, oversight, and staffing for the facility.”

“Lutheran Social Services of Michigan, a related organization, elects the majority of the Organization's board of directors.”

“Once teh Form 990 is complete, before submission to the IRs, the Form 990 will be provided to the Board of Directors for their review.”

“The Organization regularly and consistently monitors and enforces compliance with the written conflict of interest policy by monitoring contracts, invoices, and personnel adn also by attending board meetings.”

“Generally, the governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

“Schedule R, Part II, Related Party Disclosure:The Organization is managed by Lutheran Social Services of Michigan (LSSM). All staffing for the Organization is provided by LSSM. The Organization reimburses LSSM for all related staffing expenses. An employee of LSSM also serves as the on-site manager of the Organization.LSSM provides certain management services to the Organization in accordance with a management agreement. Under the terms of the agreement, the Organization pays LSSM a management fee equal to 9.95% of rental income which is limited to $42 per occupied unit per month. Total management fees for 2014 was $94,830.LSSM has a defined-contribution regular pension plan (Plan), which covers substantially all employees of LSSM who staff the company. The Plan is a qualified retirement plan under Section 403(b) of the Internal Revenue Code. The pension benefits are administered through the Portico Benefit Services, a ministry of the Evangelical Lutheran Church of America under the Master Institutional Retirement Plan and through Thrivent Financial under the Lutheran Social Services of Michigan Thrivent Section 403(b) Plan.”