Alverna Apartments

“According to the bylaws of alverna apartments, the organization's sole corporate member is commonspirit health, a colorado nonprofit corporation.”

“According to the organization's bylaws, directors shall be appointed or refused by the corporate member. The corporate member may appoint one or more individuals to the board of directors, and may at any time remove, with or without cause, any member of the board of directors. According to the organization's bylaws, directors of the corporation shall be appointed by the corporate member no later than june 30 of each year. The names and qualifications of each individual accepted by the board of directors shall be submitted to the corporate member, who shall appoint or refuse each nominee in accordance with the corporate member's bylaws and with endorsement of the senior vice president of operations. The corporate member may unilaterally appoint one or more individuals to the board of directors should the board fail to furnish the corporate member with a list of individuals qualified to serve on the board of directors of the corporation. Except as otherwise provided in the corporation's articles of incorporation or the laws of the state of organization, catholic health care federation ("chcf") shall have such rights as are reserved to the corporate member, acting in its capacity as the membership body of chcf, under the governance matrix.”

“The organization's corporate member is commonspirit health. Pursuant to section 5.4 of the organization's bylaws, the corporate member shall have the specific rights set forth in the governance matrix. Pursuant to the governance matrix the following rights are reserved to the commonspirit health board directly or through powers delegated to the commonspirit health chief executive officer: - substantial change in the mission or philosophy of alverna apartments - amendment of the corporate documents of alverna apartments - approve members of alverna apartments board - removal of a member of the governing body of alverna apartments - approval of issuance of debt by alverna apartments - approval of participation of alverna apartments in a joint venture - approval of formation of a new corporation by alverna apartments - approval of a merger involving alverna apartments - approval of the sale of all or substantially all of the assets of alverna apartments - to require the transfer of assets by alverna apartments to commonspirit health to accomplish commonspirit health's goals and objectives, and to satisfy commonspirit health debts. - adoption of long range and strategic plans for alverna apartments pursuant to article v, section 5.5 of the organization's bylaws, commonspirit health may, in exercise of its approval powers, grant or withhold approval in whole or in part, or may, in its complete discretion, after consultation with the board and the president and chief executive officer of the organization, recommend such other or different actions as it deems appropriate. Except as otherwise provided in the corporation's articles of incorporation or the laws of the state of organization, catholic health care federation ("chcf") shall have such rights as are reserved to the corporate member, acting in its capacity as the membership body of chcf, under the governance matrix.”

“Once the return is prepared, it is made available for board members to review in office or on a director community site. Subsequent to the return being provided to the board, the tax department files the return with the appropriate federal and state agencies, making any non-substantive changes necessary to effect e-filing. Any such changes are not re-submitted to the board.”

“The organization has a conflicts of interest ("coi") policy (the "policy") in place to protect the interests of commonspirit health ("commonspirit") in circumstances that may result in a conflict between personal interests of a person and the interests of the organization and those it serves. Commonspirit's coi policy applies to commonspirit, its direct affiliates and subsidiaries and any related entity the governing documents of which require the entity to comply with commonspirit policy (collectively the "system entities"). The following persons are required to disclose actual or potential conflicts of interest at least annually (via a formal system-administered survey) if the person's affiliation with commonspirit continues: - members of corporate and community boards of system entities - members of committees of corporate and community boards of system entities - members of the executive leadership team ("elt") of commonspirit - corporate officers of system entities - employed physicians and advanced practice providers - key employees and highest compensated employees as specified by the internal revenue service for form 990 purposes who are not otherwise included in the categories above - employees of system entities at the vice president level and above - all individuals engaged in research at institutions owned or operated by a system entity - select employees as determined from time to time by leadership disclosure, review, and management of perceived, potential, or actual conflicts of interest are accomplished through a defined coi disclosure review process. Each person is required to promptly and fully disclose any situation or circumstance that may create a conflict of interest as soon as she/he becomes aware of it. In addition, at the inception of an individual's relationship with commonspirit (e.g. Hiring, board appointment), and for certain positions, annually thereafter, written conflict of interest disclosure forms must be completed. A failure to disclose may result in disciplinary or corrective actions. Reported potential or actual conflicts of interest are initially reviewed by legal, corporate responsibility or research integrity staff. If necessary, a conflict of interest management plan is developed, which plan shall be subject to acceptance by the appropriate direct manager, supervisor, medical staff office, board or board committee (for board, board committee, elt or corporate officer conflicts), or other appropriate individual or body. Once accepted, the conflict of interest management plan is communicated to the person with the actual or potential conflict and the individual must conduct themselves in conformity with the plan. In the event that a transactional conflict interest arises in connection with a system entity board meeting, the conflicted individual must disclose that conflict prior to or at the beginning of the meeting in which the matter is to be considered. The conflicted individual is excluded from voting on the transaction and is prohibited from using personal influence with respect to the matter, but is not prohibited from providing input if requested to do so.”

“The organization's conflict of interest policy and governing documents are not publicly available. The organization's financial statements are included in commonspirit health's consolidated audited financial statements that are available at www.commonspirit.org.”

“Introduction: alverna apartments mission, vision and tax-exempt purposes the mission of alverna apartments is to nurture the healing ministry of the church, supported by education and research. Fidelity to the gospel urges us to emphasize human dignity and social justice as we create healthier communities. The vision for alverna apartments is to create the best possible residential experience for its tenants by igniting the spirit for superior care and service. The purposes of alverna apartments are exclusively charitable within internal revenue service codes and regulations, as well as related provisions of minnesota state law. Specifically, it is a 501(c)3, not-for-profit corporation formed to construct and maintain housing facilities for the elderly and handicapped, and has been specially designed to meet its tenants' physical, social and psychological needs and to promote their health, security and happiness where no adequate housing facilities exist for such purposes. In addition, it was formed to assist in carrying out the healing ministry of its founders the franciscan sisters of little falls and its current sponsor, commonspirit health. Alverna apartments is a 60-unit, senior housing complex subsidized by the u.s. Housing and urban development (hud). It offers a secure living environment in which tenants can pursue optimal independence and foster connections to the community. As a participant in the hud program, alverna's performance is rated according to various quality indicators. Finally, alverna apartments engages in community outreach activities such as scheduling assistance with tax preparation for seniors, conducting health screenings, and a wide range of additional activities which cultivate individual relationships between tenants and the community. Board of directors the board of directors for alverna apartments is a 10-member governing board, the majority of which are independent individuals who serve as representatives of the community. The board oversees the operations of alverna apartments, which has a management contract with metroplains management, llc, a property management company that provides long-term, full-service property management services, overseeing affordable senior and multi-family housing units in several states. Metroplains management strives to meet the goals of owners while providing the best possible environment for residents and tenants in the facilities the firm manages. The company's overall goal is to maximize the satisfaction of the occupants of each development, while maintaining the value of the properties it manages. Qualitative description of community benefit: all applicants must be age 62 or older. Both need to qualify for a couple to be eligible. Alverna apartments serves all persons in the community on a non-discriminatory basis and does not discriminate on the basis of any non-merit factor, including race, national origin, color, religion, sex, sexual orientation, gender identity, disability (physical or mental), age, status as a parent, or genetic information. For the comfort of people with disabilities, six apartments have been constructed to enable greater accessibility for people with disabilities. Applicants with extremely low income are given priority consideration for occupancy. Rent costs range from $923 to $1164 monthly. During the fiscal year ending june 30, 2024, alverna apartments housed 70 different tenants for a total of 21,261 apartment days. Qualitative description of community benefit continued: as previously stated, rental assistance applicants with extremely low income are given priority consideration for occupancy. Financial assistance is available through the u.s. Department of housing and urban development (hud). As a hud-subsidized, section 8/202 (elderly property), the amount of rent that a tenant is required to pay is determined by using a formula, which includes the gross income (including income from assets), and out-of-pocket medical expenses f”

“Payments to vendors for entities that are part of commonspirit health are made by commonspirit health. Therefore, no forms 1099 are issued by alverna apartments. Commonspirit health files the forms 1099 and complies with the backup withholding rules for reportable payments to vendors and game winnings. The forms 1099 issued on behalf of alverna apartments are reported to the irs.”

“Purchased services: program service expenses 69,428. Management and general expenses 46,285. Fundraising expenses 0. Total expenses 115,713.”