Alverna Apartments

“During the tax year ended 6/30/15, no officers, directors or trustees received compensation from the organization. Any executive compensation paid to officers, directors or trustees by related organizations was set by the related organization's compensation committee utilizing both an independent consultant and comparability studies to determine compensation. Therefore, these questions are more appropriately answered as n/a.”

“The organization's top management official's compensation is paid by Catholic Health Initiatives (CHI), a related organization. CHI has a defined compensation philosophy. Both the executive and non-executive compensation structures and ranges are reviewed annually in comparison to market data. CHI uses The Hay Group as the independent third party to assess executive compensation programs and to ensure the reasonableness of actual salaries and total compensation packages. Compensation of the senior most executives is reviewed annually. The Hay Group reviews both cash and total compensation for overall reasonableness, for adherence to CHI's compensation philosophy, and for comparability to the not-for-profit healthcare market. This independent review is delivered by Hay Group to the HR committee of the CHI Board of Stewardship Trustees annually at their September meeting and minutes are shared with the full board at the December meeting. The last review was September 14, 2015. In addition, Hay Group completed a comprehensive review of all positions at the level of vice president and above in the fall of 2014 to determine and validate appropriate compensation levels. These levels have been reviewed annually since and revised based on market data, where applicable.”

“The organization's sole corporate member is Catholic Health Initiatives, 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.”

“The organization's corporate member is Catholic Health Initiatives ("CHI"). Pursuant to Article V, 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 CHI Board directly or through powers delegated to the CHI 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 CHI to accomplish CHI's goals and objectives, and to satisfy CHI debts - Adoption of long range and strategic plans for Alverna Apartments Pursuant to Article V, Section 5.5 of the organization's bylaws, CHI 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.”

“After the Form 990 is prepared by the CHI tax department, the Unity Family Healthcare CFO/VP of Finance reviews a copy of the return and provides copies to the board members at the next Finance, Audit and Compliance Committee meeting. Copies will be posted to the board portal for all remaining board members' review from Administration. 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.”

“Catholic Health Initiatives ("CHI") has a Conflicts of Interest ("COI") policy in place to maintain the integrity of all of its activities. The policy applies to CHI Board of Stewardship Trustees and members of its committees; all board and board committee members of CHI Entities; all CHI employees; all CHI physicians (both employed and non-employed) and all physician administrators and leaders; advanced practice clinicians (both employed and non-employed); and all CHI research personnel (both employed and non-employed). Disclosure, review and management of perceived, potential or actual conflicts of interest are accomplished through a defined COI disclosure process. Each person has a general ongoing obligation to promptly and fully report to his/her direct manager, supervisor, medical staff office, board or board committee chair any situation or circumstance that may create a conflict of interest. The person must report the actual or potential conflict as soon as she/he becomes aware of it. In any situation where the person may be in doubt, a full disclosure should be made to permit an impartial and objective determination. In addition to the general ongoing obligation, there are initial disclosure obligations. The board, board committee members, and new employees are required to make disclosures at the time of their initial hiring/appointment. All non-employed, credentialed or contracted physicians are required to make disclosures at the time of their credentialing and during any subsequent reappointment or recredentialing. All researchers are required to make disclosures upon consideration of affiliation with a research sponsor. In addition to the general ongoing and initial disclosure obligations, there is an annual disclosure obligation. All corporate officers, board and board committee members, employees at the level of manager and above, researchers, supply chain employees, employed physicians, physician administrators and leaders, and employed advanced practice clinicians must complete a new conflict of interest disclosure annually. Disclosures of perceived, potential or actual conflicts involving financial interests are forwarded to the Conflicts of Interest Review Committee ("C-CIRC") or Legal Services Group for review depending on the position of the person involved. The C-CIRC reviews COI questionnaires containing disclosures of perceived or possible conflicts for employees at a level of manager or above, supply chain employees, researchers and physicians, physician administrators and leaders, and advanced practice clinicians (both employed and non-employed). In the determination of a conflict, a COI management plan will be developed for that person. With respect to those audiences for which the C-CIRC has review responsibility, the C-CIRC will facilitate development of any such conflict of interest management plan in collaboration with local CRP staff. A designated CHI Entity staff will be responsible for monitoring the COI management plan and for documenting monitoring activities. At its sole discretion, a CHI Entity may reject a Person's request to enter into the relationship in question, or require the relationship be sufficiently altered to avoid a potential COI. If the C-CIRC determines that there is a potential or actual conflict of interest that does not currently have appropriate controls to address the conflict of interest, it may recommend that the disclosing person be allowed to participate in the activity or transaction subject to restrictions as outlined in the COI management plan. If a Person does not agree with a determination made by the C-CIRC, its interpretation of the Policy or Addenda, or seeks an exemption or exception, the following steps should be followed. The Employee disputing the review decision, interpretation of the Policy, or seeking exemption or exception must present the matter to the Employee's immediate direct manager or supervisor for review and determination. If the Employee and”

“The organization's financial statements are included in Catholic Health Initiatives' consolidated audited financial statements that are available at www.CatholicHealthInit.org or at www.DACBOND.org. The Organization's conflict of interest policy and governing documents are not publicly available.”

“ALL OTHER INCOME - Total Revenue: 880, Related or Exempt Function Revenue: 880, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; - Total Revenue: , Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;”

“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 Catholic Health Initiatives. 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, participating in community health fairs, 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 an 11-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. Alverna Apartments 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. Only one person needs to be qualified 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 specially designed for easy accessibility. Applicants with extremely low income are given priority consideration for occupancy. Rent ranges from $756 to $952 monthly. During the fiscal year ending June 30, 2015, Alverna Apartments housed 76 different tenants for a total of 20,565 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 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 for all persons in the house”

“Other Fees for Services - Total Expense: 101216, Program Service Expense: 99192, Management and General Expenses: 2024, Fundraising Expenses: ;”