Glenwood Plaza Inc

“The Board of Directors may designate two or more of their members to constitute an Executive Committee. To the extent determined by the Board, the Executive Committee shall have the authority of the Board in the management of the business of the corporation. The Executive Committee shall act only in the interval between meetings of the Board, and at all times is subject to the control and direction of the Board.”

“All board members have a business relationship.”

“Glenwood Plaza, Inc. has a management agreement with Vivie, an unrelated organization, that began in October 2022. Glenwood pays 4.25% of revenues to Vivie to cover all management functions and oversight of the facility. Individuals listed in Form 990, Part VII that are paid under this agreement by Glenwood Plaza, Inc. include Jason Garcia, Angie Urman, and Emily Benham as top management officials and Marnie Gugisberg as top financial official. They were compensated $2,563, $2,158, $1,389, and $943 for these services respectively in fiscal year 2024.”

“The non-voting members of the Corporation shall consist of Christian congregations electing to participate. Fifty-one percent or more of such congregations shall be affiliated with the Evangelical Lutheran Church in America. Voting members consist of all the pastors of the congregations electing to participate and at least two lay-delegates for each such congregation. Said congregations having 200 or more confirmed members may have one additional voting member for each 100 confirmed members or a major fraction thereof over the first 200.”

“Each of our affiliated churches chooses one member to be on the Board of Directors.”

“The members vote on changes to the Bylaws.”

“The Form 990 is reviewed by the CFO and is then provided to the Board prior to filing.”

“All employees and Board Members are covered by the conflict of interest policy. Management will determine if a conflict exists. If a conflict exists, the individual will refrain from participating in the discussion and vote. Each individual is required to complete a conflict of interest form annually.”

“Glenwood Plaza has a management agreement with Vivie, an unrelated organization. Glenwood pays 4.25% of revenues to Vivie to cover all management functions including compensating management and financial officials.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”