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 maintain the integrity of its activities. The policy applies to the following persons ("covered persons"): members of the commonspirit health ("commonspirit") board of stewardship trustees and its committees; commonspirit health corporate officers; members of the dignity health board of stewardship trustees and its committees. In addition, the policy applies to organizations that were affiliates and subsidiaries of commonspirit health prior to its affiliation with dignity health ("chi entities"). Covered persons of chi entities include: members of any chi entity direct affiliate or subsidiary board and their committees; employees of chi entities; and chi entity researchers (as defined by the policy). Disclosure, review and management of perceived, potential or actual conflicts of interest are accomplished through a defined coi disclosure review process. All covered persons are required to disclose actual or potential conflicts and must disclose that conflict to his/her direct manager (or other person as is appropriate per policy). Such disclosure is required on a transactional basis at the time such conflicts arise, when an individual becomes a covered person (e.g. Upon hiring or board appointment), and annually thereafter. Disclosures of perceived, potential or actual conflicts are initially reviewed by national or regional legal or corporate responsibility team members to determine whether an actual or potential conflict may exist. If it is determined that a potential or actual conflict exists, issues are elevated to the board executive committee or board chair (for board or officer conflicts), or the conflicts of interest review committee (for any other conflict). The procedures for addressing a conflict related to a proposed transaction in the case of governing bodies or a corporate officer include, but are not limited to 1) disclosure to the board, 2) the trustee or corporate officer being excused from the meeting during discussion and vote on the conflict of interest (although he or she may respond to pertinent questions if the knowledge is relevant), and 3) board approval of the transaction by a majority of disinterested members. In addition, boards carefully review and scrutinize any non-transactional conflicts of interest. In such circumstances, by a majority vote of the disinterested trustees, the board takes whatever action is deemed appropriate. For conflicts not involving a board member or officer, the conflicts of interest review committee ("c-circ") will facilitate a coi management plan to mitigate the conflict if adequate controls aren't already in place. Notwithstanding the foregoing, at its sole discretion, an 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 conflict of interest.”

“Line 15a: the organization's top management official's compensation was paid by commonspirit health, a related organization the commonspirit health board of stewardship trustees appoints a human resources and compensation committee, comprised exclusively of independent directors, who are accountable for approving reasonable compensation packages for each officer and certain key employees (including the president/ceo). The human resources and compensation committee approves, consistent with the organization's philosophy and principles, the annual performance goals and criteria to be used in determining merit increases and variable compensation criteria for officers and key executives. The human resources and compensation committee also engages outside legal counsel as necessary and qualified independent compensation and benefits specialists (independent experts) to review, analyze and provide benchmarking data for the total compensation and benefits packages of officers and key executives. Appropriate comparable data is obtained from the independent experts, (e.g., total economic benefits paid by similarly situated organizations, both taxable and tax-exempt, for similar job responsibilities). Key deliberations of the committee are documented in meeting minutes which are approved at the next committee meeting and provided to the board of stewardship trustees. The documentation of the deliberations includes (a) the terms of the agreement approved and the date approved; (b) the members of the committee who were present during discussion of the approved agreement and those who voted on it; and (c) the comparability data obtained and relied upon by the committee and how the data was obtained. Line 15b: during the tax year ended 6/30/2020, 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 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.”

“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 foundersthe franciscan sisters of little fallsand 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, 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, 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. Only one person needs 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 $810 to $1,021 monthly. During the fiscal year ending june 30, 2020, alverna apartments housed 73 different tenants for a total of 21,229 apartment days. 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 for all persons”

“Purchased services: program service expenses 63,456. Management and general expenses 42,304. Fundraising expenses 0. Total expenses 105,760. Contract labor: program service expenses 1,748. Management and general expenses 92. Fundraising expenses 0. Total expenses 1,840.”