Transitional Living Services Inc

“Members or Stockholders TLS is organized as a non-stock corporation and its sole corporate member is MCFI.”

“Members Who May Elect The President of MCFI acts as the ex officio executive director of Transitional Living Services, Inc. The corporate member appoints four directors to the organization's governing body and a majority of the directors appoint all other directors subject to approval of the sole corporate member.”

“Governance Decisions The sole corporate member has no voting rights except as specifically set forth in the organization's bylaws. The following corporate actions shall not be undertaken without prior consent and approval of the Member: 1) Any amendment to the Corporation's Aritcles of Incorporation, 2) Any amendments to Articles I.A., II, or VI of the Bylaws, 3) Any disposition of all or substantially all of the assets of the Corporation; and any disposition of the proceeds from any disposition of all or substantially all of the assets of the Corporation, 4) Any merger of the Corporation with another entity or entities or any acquisition of assets or incurrence of debt in an amount of $100,000 or more in any transaction or series of related transactions, and 5) The election or appointment of an individual as the Corporation's Chief Executive Officer.”

“Form 990 Review Process TLS utilizes an independent accounting firm to complete the Form 990 and related schedules. Following completion, they are reviewed by the controller. The drafts are then reviewed by the audit committee prior to submission to the IRS. The full board is provided a copy of the Form 990 prior to filing.”

“Conflict of Interest Policy Monitoring & Enforcement Annually all directors and officers complete and sign a statement that provides information regarding their interests and those of their family members that could give rise to conflicts. The signed statements are kept on file by the organization's executive assistant. The organization's management makes determinations of whether a conflict exists and the members of the governing body review actual conflicts. Any person with a conflict is prohibited from participating in the governing body's deliberations and decisions in the transaction.”

“Process for Determining Compensation TLS is a partner and affiliate of MCFI, which assists in managing the organization. These organizations periodically hire an independent consulting firm to perform a study of the compensation of the chief executive officer and certain other employees based on their job descriptions. The consulting firm conducts market research and determines a fair compensation range for each individual based on a competitive peer group. In between these periodic independent studies, the human resource director determines appropriate compensation ranges for the chief executive officer and certain other employees by reviewing the Form 990 of similar organizations and other market data. As reports are completed, the compensation ranges for these individuals are presented to, discussed, and approved by the executive committee of the governing body.”

“How Documents are Made Available to the Public The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. All requests for documents are reviewed to determine if any confidentiality concerns exist. The requested documents are provided once all such concerns have been addressed.”

“Significant organizational changes TLS was acquired by MCFI on December 31, 2013. At that date, TLS ceased conducting its program services.”

“Other changes in net assets or fund balances: Acquisition by MCFI $711,672”